What makes you so high on this company Shawk? I can't see anything in their financials or news that would indicate a buy. I like the company but why buy a flatline?
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Notice to all: I am NOT a professional investor and only a moderately serious stock buyer and seller. As with any stock, everyone should do their own homework and come to their own conclusions about what is a good play. Two of the worst stock buys I ever made were on companies/technologies that others recommended to me as "the next big thing". I make no such claim about this stock.
Neal, in response to your question, I would point to the following as my personal reasons for buying this stock:
1. I like the price point.
2. There has been positive news over the past month (US patent, new products, dealerships are opening, etc.)
3. The company is positioned to benefit from the increasing cost of oil and gas.
4. More and more folks are looking at alternatives to gas-fueled transportation. Electric scooters and cars offer that.
Bottom line, I think the company is positioned to move off the flat line. Long term, the potential upside mitigates much of the risk and the price is low enough to justify (for me) a play. No argument it's risky, but I am not averse to risk and have done extremely well with similar situations. (Example: I purchased 2000 shares of TWRT.OB on 10/30/06 for $1.60)
