Replies to post #69271 on Value Microcaps Motherboard

[StevenRisk]

JMIH.OB had a 4 week backlog for Q ending 10/28/06 with a 2 1/2 month inventory. With the Q ending 01/28/07 you had a 6 week backlog along with a 4 month inventory supply. Can anyone make some type of call regarding this industry with a degree of expertise or rationale common sense. Sold some UTVG and have some free money.

[10 bagger]

JMIH..

To me the only industry that is in worst shape than housing is boating.. Boats not only cost much more theses days ,, they also depreciate.. A builder has to continue to bring out new models because he keeps on running ito his used market as competition.. Dealers are the only way to go and if you are not large enough to have a dealer network you just can't last.. We supply boats (hulls) to other small builders to complete and have a hard time finding orders for more than 100 boats a year.. Inventory is not a problem for us as we try to stay only 50 boats ahead and that limits it to less than $250,000.00.. The same boats when finished would be $2,500,000.00.. Thats when you need dealers to take your floorplan.. At the last show we did there were 130 boats displayed and the total sales were 7... We on the other hand sold to retail 12 unfinished hulls.. Of the ones that bought them I would guess less than one third will ever finish a boat... hank