VRK.TO - Stock To Watch!
Chart as of Jan. 30, 2006
Current Price
$0.80 Cdn
Company
VIRTEK VISION
Develops, manufactures and markets precision laser technology systems for a broad range of applications principally for use in manufacturing facilities.
Why I'm watching?
This beleaguered little laser company from Waterloo has been in bad shape ever since the tech bubble burst in 2001. They tried to catch the biotech wave around 2000, developing a series of laser DNA readers, etc. Well, they spent a ton of money and developed some 3rd rate products....then the market tanked and they've been hurtin' ever since.
It's like the 16 year old who crashes his mom's car and works every weekend washing dishes to pay the parents back. Eventually, the kid is 25 and the debt is paid.
That's how I see Virtek. They have finally contained their horrible biotech mess, cut staff, cut costs, and gotten back to their core business........building lasers to help cut flat things into pieces.
It's not a great business, but then again, their market cap is quite the joke too. If you can grab some shares in the low 70 cent range....I believe you could double your investment in 6-9 months.
posted by Wade Marshall | 1:35 PM
1 Comments:
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