Tempted to by Fountain Stock at this price
02-16-2009, 12:47 PM
#1
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Tempted to by Fountain Stock at this price
FPWB: Stock Quote & Summary Data
FPWB $ 0.12 unch
Feb. 13, 2009 Market Closed News Price
FPWB $ 0.12 unch
Feb. 13, 2009 Market Closed News Price
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02-16-2009, 12:50 PM
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It was nice to see Reggie at the Miami show, shaking people's hands and talking to them about his products.
I have a hard time believing the company will fail when the head guy is that passionate about keeping things going.
I have a hard time believing the company will fail when the head guy is that passionate about keeping things going.
02-16-2009, 03:08 PM
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I was serious not bashing its real cheap could be a good risk
The only thing that would prob effect Fountains longevity is Reggies longevity
The only thing that would prob effect Fountains longevity is Reggies longevity
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02-16-2009, 03:38 PM
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You'll loose that 12 cents for sure. I'm an energy trader so our market is a little different, but the chance of a 12 cent per share company doing anything but filing bankruptcy is slim and none. The chance of a stock under $5.00 not going bankrupt is somthing like 10-15%. Drop to under a dollar and you're in the 1% or less chance of survival. He'll go Ch 11 and take it private. By by 12 cents.....
02-16-2009, 04:55 PM
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-The company's liabilities exceed its assets
-It hasn't cash flowed since 2006
-The last audited financials were unqualified but had going concerns comments (not a good sign)
-Last quarter's revenues were down substantially
-They have maxed out all the credit facilities available to them as of 12/31/08
Nothing really screaming "buy" at me. I respect Fountain and they make awesome boats, but the business itself was not set up to handle the current environment just like many others. Just because a stock is cheap compared to its previous low means nothing, you need to study the fundamentals of the business. See: Enron, Worldcom, and a big laundry list of others.
-It hasn't cash flowed since 2006
-The last audited financials were unqualified but had going concerns comments (not a good sign)
-Last quarter's revenues were down substantially
-They have maxed out all the credit facilities available to them as of 12/31/08
Nothing really screaming "buy" at me. I respect Fountain and they make awesome boats, but the business itself was not set up to handle the current environment just like many others. Just because a stock is cheap compared to its previous low means nothing, you need to study the fundamentals of the business. See: Enron, Worldcom, and a big laundry list of others.
02-16-2009, 05:10 PM
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.12 Cents...
Buy a 1000 for $120 and see where it goes.. If it goes back up Hurray... If you lose... Its one nights bar bill with out the alcohol...
If it goes back up.. Fuel for the boat!!
Buy a 1000 for $120 and see where it goes.. If it goes back up Hurray... If you lose... Its one nights bar bill with out the alcohol...
If it goes back up.. Fuel for the boat!!
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