zone13 on Sat, 13 May 2000 17:55:43 +0200 (CEST) |
[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]
[Nettime-bold] The Contrarian - BUY ALERT |
THE CONTRARIAN BUY ALERT: RecycleNet Corp. Symbol - GARM (OTCBB-pink sheets) Recent Price - $.35 52 Week Range - $.12 - .75 Estimated Float - 4 Million Shares Outstanding - 78 Million Now that Microsoft and other Internet stocks have fallen, it's time to sift through the wreckage and look for treasure. As Contrarian investors, we've been waiting for this dynamic group to fall out of favor temporarily, so we can buy at discounted prices. The following stock should be purchased for long-term capital gains: RecycleNet Corporation is hardly a new player in the dot.com game - they went electronic in May 1995, after many years in a print format. Their founder and current Chairman, Paul Roszel, has been in the recycling business for over 20 years, and has vast experience with every type of scrap commodity. Recyclenet is part of the booming "B2B" business to business portion of the Internet. It is estimated that B2B electronic commerce will soar from $17 Billion in sales in 1998 to $327 Billion by 2002. Electronic commerce gives GARM the ability to trade with other companies all over the world, at very low cost. They earn money from subscribers who pay a monthly fee to join their Recycler's Exchange. What is the reason to buy now? RecycleNet should be reporting excellent revenues and earnings in the next quarter, the floating supply of shares is small, and the financial community is just starting to discover GARM. They have filed their Form 10 to become a reporting company with the SEC, and they should be emerging from their pink sheet listing soon. Meanwhile, traffic at their web site is hitting record numbers (almost 2 Million page views per month), and is growing at over 20% monthly. With the stock trading at half of its February peak, The Contrarian believes that GARM can reach the $1.50 level near-term, with even higher prices further out. Take a position now while RecycleNet is on the bargain shelf. Disclaimer: The Contrarian has no affiliation with the issuer, and has received no fee from RecycleNet for this report. The Contrarian and/or its affiliates currently own shares of RecycleNet, and may buy or sell shares at any time after the dissemination of this report. Because the publisher owns this stock, there may be a conflict of interest in the Contrarian's statements and opinions. The Contrarian is not a registered investment advisor, broker or dealer. Purchase of this stock may be considered speculative, and may result in the loss of some or all of any investment made. To SUBSCRIBE to future announcements or request ADDTIONAL INFORMATION regarding the RecycleNet opportunity, please click on the appropriate link below and hit send. mailto:post10@21cn.com?subject=Subscribe mailto:post10@21cn.com?subject=Additional-Information ****************************************** If you wish to be deleted from inclusion any future mailing, please click on the link below and hit send. ****************************************** mailto:post10@21cn.com?subject=delete _______________________________________________ Nettime-bold mailing list Nettime-bold@nettime.org http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-bold