Interesting Post From RB
By: allexter $$$
Reply To: None Tuesday, 26 Dec 2000 at 11:00 AM EST
Post # of 16904
I started watching SEVU about 8 months ago...seemed like a most interesting company...but I couldn't see paying double figures for a BB stock. I live in Florida and know something about the business...both recreational and professional. I checked with a friend at the U.M.School of Marine Sciences...these products are well known,highly regarded, and in demand. All in all I couldn't resist today's price.
I believe, given this down market, which should be very near a turning point, SEVU has just about any bad news factored in, and should be worth above 5 in the very near future.
These products will sell, and they will make money.
(Voluntary Disclosure: Position- Long)
It looks like SEVU share price was beaten down so much that AMEX is not having the dramatic effect I had thought.
If SEVU can get through this w/o SEC action or with even just a fine, then I agree with the above - SEVU is a steal at these prices. Am still waiting for GSA confirmation and some assurance on the financials before reinvesting. But, I really do want SEVU to come through this and do well.
Sincerely
Ender
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