This was posted on RB and thought it was worth reposting here with a little highlight, Dan
By: MUGSYMAC
04 Nov 2004, 03:00 PM EST
Msg. 13304 of 13305
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TRBY covered by investment newsletter-
TORBAY HOLDINGS is a holding company for late-stage development, or early-stage commercial companies, with opportunities in niche markets. They currently own two subsidiaries, Designer Appliances Ltd., an inactive United
Kingdom ("UK") company, and Designer Appliances, Inc., a Delaware corporation, and will actively seek additional and appropriate acquisitions. They have acquired intellectual property rights, including an exclusive license on proprietary software and a UK patent for a computer mouse that they believe to be beneficial to
computer mice users with regard to treating and preventing repetitive strain injury.
The UK patent is the basis for further patent applications that may enlarge the scope and geography of their current patent position. They have achieved significant technical improvements to their products that are intended to protect
with further patents.
The Company intends to market and sell only products that are designed to attract a premium, niche or upscale market. They believe that they have
identified several products, including the Quill "Grip-less" Mouse and Nib "Click-less" software, in an under exploited opportunity in the computer,
household and domestic appliances markets. Because of the Company's precarious financial condition and limited capital resources, it is currently limiting its
operations to the production and sale of the Quill Mouse and related software.
With this said, we believe the company has a substantial opportunity to gain financing, and the stock is far from diluted at only 90 million shares outstanding.
Their balance sheet is meager, but with assets and liabilities both totaling less than a million dollars it may as well be at break even. There has been significant
interest in their mouse product recently, and their products are now for sale on Hewlett-Packards website.
Guidance:
The stock has recently been trading within a tight range with $.04 as the bottom, and $.07 as the top. We would like to get involved at the low end of this range,
but feel that anything below $.055 will be a comfort zone. We will use 6-7% of the overall portfolio, and believe that something at $.054 or below will present itself
shortly. We will not be averaging down, and will probably use a stop loss at $.03.
Our profit target for short to mid term gains is anywhere above a dime, where we
will take half profits, and look for the mid teens as a place to liquidate the rest of the position. Anyone interested in a long term hold may do quite well, although we would keep an eye out for an increasing pace of S-8 fillings with the SEC, and would expect to see some numbers within the next couple of quarters. More detailed information on TRBY can be found at their websites: www.trby.com and www.aerobicmouse.com as well as by typing TRBY.OB into the quote box in the upper left hand corner of this page. You can also read all of their reports to the
SEC at www.sec.gov.
AI
