Brownie's Marine Group Inc (BWMG)

[geodan]

I now own 4% of company,Price is most overlooked thing by most investors. Graham, Buffets mentor, paid the most attention to price. Right now BWMG has mkt cap of $260,000. That means the most all investors can possibly lose is $260,000.

Sales are about $1.8 million or 7 times higher.

Cash is $305,000

Net Profit is $325,000 just for first 9 months of 2016

There has been about $360,000 improvement in book value in last 9 months from negative to positive
Total stockholders’ equity (deficit) now+$174,245 Jan1 -$186,384

Lets say 2017 is like 2016 then it would be about $700,000 cash and over $500,000 book value.

If market cap is a low 2x cash that is a 5 bagger. If the stock gets momentum maybe 10-15 bagger.

The downside is a 1 bagger, max. Being the company is decades old and has not gone out of business the chances of zero in one year is very small, the chances of a 10 bagger are higher. That is a good risk/reward ratio.

Just think how little buying will make this stock run. If 5 people buy 4%, as I have, the float will be miniscule, as in 25% of stock left or $50,000 worth of float left over. $50,000!!

There are challenges left for BWMG, suggest folks read 100% of the Q, it is very informative. But again it is much more likley it will 10 bag up than go 1 bag down. Not just the history of it being in biz for 40+ years (less than 2.5% chance per year is record) but that $305,000 of cash.

Cheers