VM, I really don't understand why you insist on trying to discourage me from my investment choice. As with many penny stocks, SNWT has no P/E because there are no earnings to report as yet. This stock is priced the way it is because of a small share structure, it's a business people can relate to, and the speculation that comes with any new public company. Many other stocks have a share price that bares no relation to earnings because they have none. At least this one has revenue, and whether or not you think so, it is growing.
It is not fair to lump the ATV, UTV, and dune buggy business in with RV sales. Sales of motor homes, campers, etc. have suffered during this economy, but these are big ticket items.
I really don't think you understand the southwestern desert mentality. Nearly everyone goes to the desert to camp, and enjoy time with their families. This includes dirt bikes, ATVs, UTVs, dune buggies, and 4x4s. This company has strategically placed themselves in the heart of these activities with products priced considerably below their competition. They have chosen to expand through partnerships, and acquisitions, at a time when the economy is beginning to recover in their area. I grew up in So Cal, and I am familiar with how this area can snap back with a vengeance on any economic turnaround.
Try calling Brian at Buggy world 696-258-8770, and ask him how good business has been the last 9 weeks. This business doesn't just make their money by selling vehicles. The majority of their profit comes from accessories, and repairs. Their best time of year is starting right now. People who already own these vehicles, are improving, and repairing them for the season.
I don't think you really have any idea what their earning will be. I don't either, but it is my choice to speculate, and this is an industry I understand well. In fact, I am planning to buy one of these vehicles for myself.
What I don't get is, if you have already covered your short position at a loss, why are you trying to discourage me, and others from buying, or holding this stock.
I'm trying to be amiable, but your negativity is beginning to border on bashing.
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