Tempted to by Fountain Stock at this price
02-16-2009 | 12:47 PM
#1
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From: McHenry IL /Duck Key FL
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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Kept the Bullet and the condo and joined the cig 20 restoration club.
Kept the Bullet and the condo and joined the cig 20 restoration club.
02-16-2009 | 12:50 PM
#2
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From: Tallahassee, FL
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
#6
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Charter Member #139 /Moderator/Platinum Member
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From: McHenry IL /Duck Key FL
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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Kept the Bullet and the condo and joined the cig 20 restoration club.
Kept the Bullet and the condo and joined the cig 20 restoration club.
02-16-2009 | 03:38 PM
#7
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From: Omaha
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
#8
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From: Chicago, IL
-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.
