EVIS JUST PICKED BY BLAZINPICKS.COM:
Here is what they wrote:
BlazinPicks - members.xoom.com
We'd like to alert you to a stock that has been receiving increased
interest recently. The company is called eVISION USA (OTCBB:EVIS). This
is another China play and is in the process of setting up an online
brokerage service in both the US and the Far East. Sounds familiar,
doesn't it?
The volume today was heavy and we look for increased interest to pour into
this stock through the rest of the week. EVIS closed at an intraday high
today and we would expect it to gap up tomorrow morning. You all know
that stocks gap up because of investors who place market orders at the
open. Once this happens, the MMs have the authority to set their own
opening price. For this reason, we once again stress the fact that any
interested buyers should place LIMIT orders.
Thanks to one of our valued members, we discovered this one today and
thought we'd share some DD with you. We've been really busy, so none of
this DD below is our own. We wouldn't normally do this, but we couldn't
think of a better way to say what we'd have to say.
Good Luck and enjoy the DD below.
The BlazinPicks Team
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Raging Bull Post
_____Hartcourt (HRCT) vs. eVision USA (EVIS)_____
Let's compare EVIS - eVISION USA and Hartcourt HRCT as two companies
leveraging World Trade opportunities as great China plays. EVIS has $0.77
cash on hand for a $1.20 company (see YahooT Profile). Both companies'
earnings are still negative (typical for a Net Stock), although EVIS
almost turned a profit last quarter (-$.01 see S-1 filings) and HRCT lost
-$1.10 (YahooT Profile). HRCT is valued at 75 times book value (Price per
Book), but EVIS is valued at less than 1x book (0.949). If EVIS were
valued at HRCT's book ratio, EVIS would be a $91.81 stock. Sales are
strong for both companies with HRCT selling $12.8 M and EVIS doing $39.5
M. Currently, EVIS is valued at half of its sales (0.558) and HRCT is
valued at over 30 times its sales
(Price per Sales). If we were to value EVIS at the equivalent Price per
Sales ratio for a China play as HRCT, EVIS would be a $62.19 company.
There is a lot of dynamite potential in this under $2.00 company based on
just being an "China Play" alone.
Besides eVision USA (EVIS) being a fantastic "China Play" like Hartcourt
Companies (HRCT), EVIS is also an On-Line Broker, On-Line Banker, Market
Maker, Hong Kong, Q6 technologies, UNDISCOVERED GOLDMINE.
EVIS HRCT
Recent Price 1.20 17.81
Common Shares Out 19,190,000 19,700,000
Mkt Cap $22,068,500 $350,906,250
Float 3,600,000 6,500,000
Cash $14,776,300 N/A
Cash/Share $0.77 N/A
Total Assets $23,254,401.00 $5,122.00
Book Value $1.21 $0.26
Earnings (-$113,565) (-$21,670,000)
EPS (-$0.006) (-$1.10)
Sales $39,531,400 $12,805,000
SPS $2.06 $0.65
Price Per Sales 0.55 30.19
Price Per Earnings N/A N/A
Price Per Book 0.949 75.76
EVIS price (HRCT Book Ratio) $91.81
EVIS price (HRCT Sales Ratio) $62.19
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SI Post
EVIS information.
I have compiled here a good picture as to who this company is, what they
are doing, and why volume and price has taken off recently:(With
help from the DD post listed on raging bull a few times a day, thanks!)
EVIS- E vision USA.com, emerging new online broker
First of all, you should know that EVIS is fully reporting, and has
deloite and touche as their auditors. There are 19.2 million shares
outstanding and a float of 3.6 million. With a recent price of 1.25, their
market cap is 24 million.
Who is E vision?
E vision USA with its subsidiaries, is a registered securities
broker/dealer, is engaged in industry specific software development and
provides consulting services, and participates in insurance brokerage
activities in certain states. For the nine months ended 6/99, revenues
rose 42% to $28.2 million. Net loss from continuing operations before
extraordinary item fell 71% to $1 million. Results reflect higher
brokerage commissions and decreased S/G/A expenses as a percentage of
revenues.
What are the subsidiaries of E vision USA.com?
1. American Fronteer Financial Corporation, a regional securities
broker/dealer. Having personally spoken to the company, I can tell you
that they are hard at work developing an online trading site. This was
originally going to be called ebrokerusa.com, but has now been switched to
olbroker.com. This brokerage site will first target the far east market.
The majority owner of EVIS, Heng Feng is from Hong Kong and has major ties
there. I am sure you have noted what has happened to stocks involved in
the far east recently. This was pulled from the company's most recent SEC
filing:
American Fronteer is developing an on-line broker/dealer division that
American Fronteer believes will provide American Fronteer with the ability
to expand its broker/dealer business into Asian markets and will provide
American Fronteer's existing clients with the benefits of on-line trading.
American Fronteer plans to provide on-line broker/dealer services under
the name of OL Broker.Com, Inc. An agreement has been signed by American
Fronteer pursuant to which an unaffiliated company has agreed to provide
American Fronteer with the
technology, infrastructure and support necessary to provide on-line
broker/dealer services. Further, a letter of intent has been entered into
by a wholly owned subsidiary of eVision on behalf of American Fronteer
pursuant to which an unaffiliated party plans to develop a platform to
facilitate American Fronteer's on-line trading of United States securities
in Hong Kong. A separate broker/dealer license for the on-line business of
American Fronteer may be applied for and the on-line broker/dealer
division of American Fronteer may become a separate consolidated
subsidiary of eVision.
After taping the far east market, they do have plans to offer online
brokerage in the united states. I am sure that you know how richly
rewarded far east companies, as well as online brokers are. The kicker:
There has not been one news release YET describing this plan,
but when I asked the company about the progress of olbroker, the response
I got was that "the president wants this up and running yesterday". So
imagine what happens when there is a news release and olbroker is up and
running? To further your interest, one company that EVIS is being compared
to is HRCT because of a somewhat similar
business plan. Look at the HRCT chart. Of course, HRCT has had numerous
news releases.The amazing thing is that HRCT,a company with zero revenue 2
employees and a float of 6.5 million has a market cap of 374 million,(at a
stock price of 19) while Evis, a company with 28.8 mil in revenues, 222
employees and a float of 3.6 mil has a market cap of 24 million. So for
evis to get to even 1/2 the market cap of hrct, it would have to trade at
around 10 dollars/share.
All the above by itself to me justifies why the stock has recently taken
off and yet still remains massively undervalued. BUT that is not all that
evision consists of. They have several other subsidiaries:
2. eBanker USA.com, Inc. which offers, among other things, Internet-based
high-yield lending opportunities. Their new website ebankerusa.com just
went live two days ago and is very flashy.
So now, in addition to the above, evision is an internet banker/lender.
3. Secutron Corp., a computer hardware seller and software developer.
4. Q6Technologies, Inc., a business venture surrounding technology-based
virtual processing arenas with John Cusick, former founder, chairman and
CEO of Primestar as its chief executive officer. Evision has used this
subsidiary to make investments in companies that they think have great
potential. Two such investments are listed below
and are taken from the most recent sec filing:
Q6 Technologies has entered into a letter of agreement to purchase a 50%
interest in Do Not Disturb, Inc., a company that engages in web based
consumer privacy technologies and has entered into a letter of intent with
International Broadcasting Technology to secure a 50% interest in
International Broadcasting's proprietary platform for high bandwidth
Internet multicasting. so they have investments in broadband internet as
well. This subsidiary appears to be
functioning much like the CMGI model.
5. Quaker Funds:
DENVER--(BUSINESS WIRE)--Aug. 10, 1999--eVision USA.Com, Inc. (eVision or
the Company) EVIS signed a letter of intent to acquire control of Quaker
Funds, Inc.Quaker Funds, Inc. is the developer and sponsor of the Quaker
Family of Funds, a group of six mutual funds having approximately $70
million assets under management with an independent institutional
investment advisor managing each fund. The Quaker Aggressive Growth Fund
was rated fourth among the top fifteen performing mutual funds evaluated
by the Wall Street Journal on August 2, 1999. The Quaker Aggressive Growth
Fund, according to the Wall Street Journal, reflected a 60.25% return for
the 52-week period ending July 29, 1999.
"This acquisition will add a new dimension to the Company's broker/dealer
related business which has traditionally focused on retail sales and
corporate finance," said Mr. Fai H. Chan, President and Chief Executive
Officer of eVision. "This should enhance our asset-gathering abilities."
The Quaker Family of Funds was developed to bring the unique skills of
prominent investment management firms to the mutual fund community. Quaker
Funds include the Core Equity Fund managed by Geewax, Terker & Company,
the Aggressive Growth Fund managed by DG Capital Management, the Small Cap
Value Fund managed by Aronson + Partners, the Fixed Income Fund managed by
Fiduciary Asset Management
and the Quaker Mid-Cap and Large-Cap Value Funds managed by Compu-Val
Investments.
Quaker Funds, Inc. is based in Valley Forge, Pennsylvania, and is owned by
Jeffry King, Principal of Quaker Securities, Inc., Peter Waitneight,
Quaker Funds, Inc. President, and David Dameron, Vice President,
Marketing. Quaker Funds, Inc. was founded in 1996 and the Quaker Funds
commenced operations in November of that year. The Quaker Funds have
received favorable comment in the financial press for investment style and
performance. The Quaker Small-Cap Value Fund, managed by Ted Aronson of
Aronson + Partners, Philadelphia, was the first winner with a feature
article in the July 1998 edition of Mutual Funds Magazine. More recently,
the Quaker Core Equity Fund, managed by John Geewax of Geewax, Terker &
Company, Pennsylvania, and the Quaker Aggressive Growth Fund, managed by
Manu Daftary of DG Capital Management, Boston, have attracted press
attention.
The terms of the acquisition include payment of 4,666,667 shares of common
stock of eVision. After the acquisition, eVision would own approximately
60% of Quaker Funds, Inc. The Quaker Funds, Inc. shareholders will be able
to sell their eVision stock
back to eVision if the eVision stock does not trade at an average price of
$3.00 per share for a period of time between one and two years after the
closing. There are also provisions whereby the Quaker Funds, Inc.
shareholders may sell the remaining 40% ownership to eVision or buy back
the 60% sold to eVision.
The Quarter Funds are now distributed through Schwab OneSource, Waterhouse
Advisor NoFee Network, Vanguard Brokerage Services, Fidelity FundsNetwork,
E*Trade and other mutual fund "supermarkets." The Quaker Funds will now be
made available through American Fronteer Financial Corporation, a
subsidiary of eVision. "I am very excited about this deal," said Jeff
King. "I really like the folks at eVision.
They have a very good client base and they will be able to use the Quaker
Funds to great advantage for individual portfolios. Working together, I
believe that we can significantly increase assets."
it should be noted that that the Quaker Funds offer values EVIS at $3 a
share for the shares being used to purchase controlling interest. EVIS
currently trades at a substantial discount to this price.
Here is a link to the Yahoo recent news and profile for EVIS which shows
details on EVIS:
PROFILE: biz.yahoo.com
RECENT NEWS: biz.yahoo.com
Subsidaries:
secutron.com
midrangesolutions.com
ebankerusa.com
ebrokerusa.com
quakerfunds.com (letter of intent to acquire)
Q6 Technologies (x-ceo of Primestar at the head)
American Fronteer Financial Corporation
Accounting firm for EVIS: (fully reporting to SEC)
dttus.com
SO for all of the above reasons, I am certain that EVIS is much
undervalued. It would not surprise me at all to see EVIS at 15 dollars
after relevant news releases. The key is no one knows when these will be.
So you can trade in and out now trying to time the
market, or just sit back, shut up and watch your investment grow.
hope this helps.
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