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Non-Tech : The SJI Group, Inc. (SJIG) -- Ignore unavailable to you. Want to Upgrade?


To: Israel who wrote (6)5/30/1998 1:45:00 PM
From: Doo  Respond to of 217
 
stockdetective.com



To: Israel who wrote (6)5/30/1998 8:40:00 PM
From: Bob Davis  Read Replies (1) | Respond to of 217
 
Israel,

They actually chose it sometime ago...but they have continued to send out new announcements, probably because of their failure so far to move the stock upwards.

But they are really trying... On May 22nd something calling itself Fleetwood Associates put out a "strong buy" recommendation on the stock. At the very end of the report it is noted that "Fleetwood has received a fee for the preparation and/or distribution of this report."

And then on Friday afternoon, the Company announced "Growing Demand for Its for Its Modular Walk-in Humidor Program...." but the only specific information was that they had placed 10 units in discount tobacco stores...

Although SJIG does not report its financial results to the SEC, a similar company, HAVR, does report them, and they are grim. one key fact from HVAR's latest 10-Q is that "Sales for the three months ended March 31, 1998 were $125,104, a decrease of 30.6% as compared to sales for the three months ended March 31, 1997 which were $180,139. This decrease is due to increased competition in the premium cigar market."

In this case, it appears that "increased competition" may be a euphemism for reduced demand for premium cigars...

Bob Davis
The Napeague Letter
napeague.com



To: Israel who wrote (6)6/1/1998 7:30:00 PM
From: J. Nelson  Respond to of 217
 
Well just a great time to pick SJIG for a quick down! Seems like someone

or many did not like the $300,000 fee they charge to blow smoke at some
IMO.
I wonder what can take this one down more as the Sam's discount centers
would give less sales to the high margin shops and could piss them off to
the point of pulling product from there shelf. Hmmm I wonder if management
gave thought to the little guy selling the products over the big boy chopping
the hell out of it?????? IMO that was not very good news for promo it would
have gained more ground just keeping it to there self. Well now I can go
to Sams and buy the products "CHEEP" and let the little guy at the pipe
shop suffer, what a way to run a business. It's going to be a blessing for
the other leaders to talk this one up in a sales meeting and man can some
take advantage of it.

Well just my .02C on the issue.

Regards,
Jim...