To: Tony Vecchiarino who wrote (43 ) 3/6/1998 11:32:00 AM From: christopher Read Replies (1) | Respond to of 4230
I'll type it out... TGSK 7/8 bid, 31/32 ask traded on the nasdaq bb. Only rarely do we come across a stock as undervalued as TGSK. On feb 17, TGSK announced record revenues and earnings for fy97. Revenues were up 176%, 14,267,862, compared to 5,174,817 and earnings jumped 150% from .05 to .29 per share. This stock has not even been noticed by wall street yet it is extremely under valued it's trading less than 3 times last years earnings. This stock should trade at approximately a 25 to 30 PE based on the industries average multiple which puts a fair value at 7 1/2 to 8 1/2 a share. The .029 income is not an estimate or projection; it's last years audited numbers. I'm sure it will not take long for wall street to find this undiscovered gem. So don't get caught asleep and miss this one. We here at Investors Alert only see a situation this undervalued every 3 to 5 years. TGSK has been in business for 17 years and had a dramatic revenue growth of at least 80% per year for the last 5 years. TGSK distributes mercury outboard boat motors and lubricants, jet skis and all terrain vehicles both in the US mexico and central america. TGSK also distributes build to order Cruiser Yachts that rangs in size from 30 to 50 feet. TGSK's balance sheet is also very strong. It has current assets of 1,879,462 with total assets of 2,236,847. Current liabilites are only 286,974 which gives TGSK a current ratio of 6.8 to 1 and TGSK has no long term debt at all. This gives TGSK 1,949,913 in shareholders equity. Not only is TGSK extremely undervalued but prospects for the next 5 years look extremely good. Based on TGSK's past performance over the last 5 years we feel good about the fy98 and fy99 projections. fy98 being 21M and fy99 being31M. Also a company out of Austin, TX called Sitra Enterprises set up a website for TGSK that we found very informative. First go to www.sitra.com, click Client websites, then click Tigershark. 12 month target: 9 shares outstanding: 5.909M float: (est) 900K for more info call colin smith ceo @ 800 749 0114 excuse the typos but you never know when the boss is gonna walk in... Chris