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Microcap & Penny Stocks : Tigershark (JAWS)--A blue chip in the pennies. -- Ignore unavailable to you. Want to Upgrade?


To: flightlessbird who wrote (14)3/9/1998 12:34:00 AM
From: William Nelson  Read Replies (1) | Respond to of 56
 
If the numbers are true, this is a great deal...but:

TGSK says they are a reporting company, but I don't see any
reports at freeedgar...

Also, check the balance sheet at sitra.com.
Total inventory as of 12/31/97 was around $250,000. This is
boats, jet skis, ATV's, outboard motors, trailers, parts, and oil!!

Revenues of $14M with inventory this low means they are turned it
over 56 times in 1997, or once a week. I think this would make
them the most efficient distributor in the known universe.

Think I'll wait on this one. If it's going to 12 there's plenty
of time to profit....