From a post I made on the RB board:
My good friend KP from the RB board mentioned that this board was here and I wanted to share the post below that I made on the other board.
OK, here's why I returned to RTEK:
1. From the past, I have (and still) believe that this company's management has their heads up for business and will make this company prosper. IMO, it will be a surviver and has just about hit rock bottom in price.
2. It is trading near book value. Although this is not as big a deal with me as potential growth, it does give some credence to our being near the bottom of our price range. Dilution is not too much of a concern at this point. (Any more may present a problem to me unless it is tied to increased capital gains that is apparent to us all)
3. I was tired of watching all of my well earned money go down with the Naz and wanted a rest from the roller coaster ride. Now I feel that my money is invested in a manner that will only grow. This is a comfort at this time and I can put my mind to other things.
4. Continued tire manufacturer woes is a boom to this business and will provide an endless supply of tires for at least a couple of years IMO. Tire supply is a big issue with me and I believe that this concern is put to rest.
5. RTEK is not "sitting on their thumbs" as my friend KP has stated and they continue to find ways to adapt and take the lead in their market niche. Increasing production, "strategic alliances", better product, and a little bit of venturing to other avenues of revenues (sand pit).
6. It is my hope that this company will be operating in the green fairly soon and the price is unimaginably cheap. RTEK is off of the radar screens of many investors at the moment. This is good for those of us who have kept it on our screens for so long and can accumulate cheap shares.
7. Rtek seems to have a large market share in their area and have been assured (by Caltrans, at least) that they have a continuous buyer for their product. In other words, they have the supply they need and the market they need to be a successful business. AT LESS THAN TEN CENTS A SHARE, WHAT'S THE QUESTION???
8. Management has always been responsive to shareholders and have an "open door policy" (with some notice of course) with nothing to hide IMO. Trust is one of the biggest issues with me and I have found no reason not to trust RTEK management. Don't worry KP, I still will maintain some sense of skepticism (that you taught me well) to be an important facet in investing in any stock.
9. This RB board is full of exceptional people with a high degree of integrity. Sharing DD with this board is an honor. The only regret that I will have is when RTEK does get noticed that this board will become a stomping ground for daytraders and, eventually, professional mind @uckers.
10. Although both KP and myself have lost our shirts in the tech stocks, I value his view on this one and think we both have this one right. Most of the gains that I had in 2000 came from trading RTEK. I hope that history repeats itself.
Well, that is a list that is not in any particular order. If I sat here long enough I could probably come up with some more good reasons. I did find that trading as often as I did in 2000 left me with a much smaller position in RTEK than before. Kudos to those who have been sticking this one out. They will be much more rewarded than myself. Congratulations to any newbie that has gotten into RTEK at this level. Have I learned all of the lessons that I need to be successful in the market??? Nahhhhh! But I have learned a lesson.
regards
rags