Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: MKTBUZZ who wrote (2987)	2/7/1999 10:02:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

MKTBUZZ, I am prejudiced against QUST, based strictly on circumstances. Sorry. I looked at their Edgar filings, and while they showed steller earnings, there were a number of things that bothered me about them. And this is why I don't use Vector Vest. . .it is not subjective. Here is the prejudice part: You have a family operation based in one of the top 5 stock scam capitals of the world, Boca Raton, FL. . . buying a company based in one of the top 5 stock scam capitals of the world, Dallas/Ft.Worth. . . being audited in a top 10, New York. The acquisitions look impressive, too. Mostly cash. . .last one, this past month, is 5+ million dollars in cash, plus stock. . .but then why did they need to get a loan in Sept, 98 for 45 million? Is that loan for acquiring companies? The great earnings went mostly to the preferred shareholders...pfds not traded publicly. Now, granted this may be the greatest fastener company in the world...but as long as they are based in Boca Raton, I will be suspect of their entire operation. How to fix? I would want to see their 1999 fastener catalog, talk with several of their customers OUTSIDE Boca, since their is very little industry there....but PLENTY of corporate type office buildings....extremely high rent...and gee, I don't even remember an industrial side at all. I would want one of our regulars that live nearby to visit and give a report. And then someone would have to go back and explain to me some things that happened in the past. There was a reverse split....why? What is the history of company and where did it start? By learning where a company has come from, one can often see where it is they are headed. Once we have all of this data, and it all checks out, then we could consider their valuation, etc. ALL BECAUSE they are based in Boca. My rule is: Never buy a stock based in Vancouver, Denver, Boca Raton, Las Vegas, Dallas, or anywhere else in Nevada. There are other smaller suspect areas, like Coral Springs, FL....Houston....many times New York City....or certain areas of Southern California such as Newport Beach, La Jolla, Carlsbad, Del Rey, etc. SEC has more. Anywhere that is ULTRA high rent exclusive luxury community. . . .will not have the shareholders best interest at heart when they start a company. Rande Is