Reasons to own SpeedEmissions -
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 53 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 7.4 million shares issued and outstanding. At the current price of $.05, that leaves the company with a market capitalization of only $370K!
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 states
All of my posts are my opinion, entertainment value only...
if you have done your own due diligence then trade with confidence, if not...
PRAY!
