Capstone Companies Inc (CAPC)

[mov1es]

I have been reading this board for years. Love it. You guys are great. The problem with Capstone as an investment is nothing new, in that Capstone is Stewart and Stewart is Capstone. By that I mean if something tragic were to happen to Stewart what is left. You are investing in him. There is nothing wrong with that. He is great at what he does. You have to ask yourselves if he can be replaced. If not, this is a risky investment at any price.

The company is a sales company. There are no true hard assets other than some patents that will likely be irrelevant when new technologies replace them some day. Currently this is better as an investment than many other OTC listings but it does come with risk that is holding the price down and I think a lot of others see it. That's why the stock doesn't get crazy high. It should be noted that the floor was maintained by the company repurchasing shares. 1.7 million of them. Another large amount in the coming year.

Perhaps a small dividend would accomplish maintaining or even increasing the price per share. Without much for hard assets use of your cash flow becomes the asset.