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Strategies & Market Trends : Poorman's - CANSLIM Potential Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Bananawind who wrote (53)	6/12/2000 12:18:00 AM
From: Carl Worth	Read Replies (2) \| Respond to of 128

Scott and Kevin- I read the information on ACLNF and looked at the numbers several times and the way it appeared to me, all they did with the change they made was to alter the way they get paid so that they get cash sooner and have less accounts receivable. If anything, this might increase earnings slightly because they would collect interest on the cash sooner but I don't think it materially affects their core performance. They actually state that the change caused a reduction in the number of cars shipped in the quarter so this again would lead me to believe that the quarter's results did not benefit much if at all from the change, and it's possible that they were even reduced. Adding the new ports they have added along with their own ship and selling cars in addition to shipping them should all be positives it seems. If they ship slightly fewer cars for other sellers and instead sell cars that they have bought they would make more on that transaction anyway so the key is the demand for cars in general in the areas they are serving which seems to be very strong. I do notice that they are not paying anywhere near the normal U.S. corporate income tax rate but I can't find any record of TLCF and the rate was basically the same last year so this very well may be the standard rate for Cyprus. They seem to be doing an excellent job of gradually growing revenue and earnings and finding new markets where they can thrive, the more I read the more I think this is an excellent investment. There are two analysts who are quoted with estimates of about $3.50 for this year. It's just a matter now of the company getting discovered, wait until I buy some shares and then spread the word. LOL Carl