Speedemissions Inc. (SPMI)

[ThatStockGuy]

I am patient. I am holding out for this stock to correct to it's true value...which I feel is somehwere in the $1-$2 range right now...here's why:

SPMI currently has over $9 million in assets.

SPMI has good POSITIVE cash flow.

SPMI has $671,604 CASH on their balance sheet.

SPMI reduced accounts payabale from $498,554 to $227,850 - over a 50% reduction from last year's balance owed.

SPMI only holds good debt.

SPMI reduced their total liabilities last year by roughly $250,000.

SPMI operates 40 testing centers in 4 of the 32 states required by law to perform emissions testing. Soon all 50 states will require vehicle emissions testing and SPMI is well positioned to capture substantial market share in a $2+ billion annual industry.

SPMI is currently generating approximately $10,000,000 in annual revenue. Revenue has been consistently increasing at a rate of around 3% to 4% per quarter.

SPMI only has roughly 5.2 million shares issued and outstanding. At the current price of $.1488, that leaves the company with a market capitalization of only $768K!

SPMI is grossy undervalued. If the company were to liquidate all of its assets at say 50% book value...that would still generate around $4.5 million after the sale. The company also has over half a million in cash on hand which would leave around $5 million total. A $5 million dollar market cap would give this company a price per share of around $1.

SPMI is poised to become a national name as they continue to grow and expand into other state markets.