ENGY - Enviro-Energy Corporation (ENGY)

[growacet]

Thanks wrzIII I'd already seen it...

At smallcapcenter, but thanks for adding to the dicsussion. Here's the link:

http://www.stockhouse.ca/news/news.asp?newsid=1883747&tick=

All you really need to know is in the 1st sentence in my opinion.

"CashFlowNews.com reports that Free Cash Flow for Enviro-Energy Corporation (OTC:ENGY) for its twelve months ended June 30, 2003 was a negative $(348,309), compared with a positive Free Cash Flow of $5,094,218 for the comparable year earlier twelve months."

That apparently came out on September 03, 2003. I would assume that those sufficiently worried about their invesment in ENGY would have read it and possibly reacted. I show volume of only 451,300 on September 3rd and only 35,200 the following day.

That's the problem I have with fundamental analysis as a gauge for those looking to buy low. I doubt I'll ever find any stock trading at or near its low that has rosy fundamentals.

The risk of course is that ENGY won't turn around...a risk I'm willing to take. If it doesn't turn around, well I and any others who have been buying...too bad so sad.