SNWT is ready to roll againOn the Road to Off-Road Profits! Good Morning! I think it`s time to say hello again (for those of you who`ve been with me awhile) to one of our past winners...
San West, Inc. (
SNWT)
SNWT is a retailer of premier off-road recreational vehicles in Southern California and the Western United States as well as a leading supplier in the off-road recreational vehicle arena through aftermarket parts, accessories and its highly successful vehicle repair and maintenance center.
Yes, all that of course is well known—but what isn`t is that...
SNWT has been posting some great numbers lately and has a chart setup that demands our attention—once again! While its competitors are "pulling in their horns",
SNWT is aggressively expanding its marketing reach through both organic growth and strategic acquisitions. Beginning with its first acquisition, Buggy World in late 2008,
SNWT has been busy expanding its brands, increasing its web presence and adding affiliates—and, of course, market share!
SNWT`s wholly owned subsidiary, Letz Go Racing Off-Road Center, is a leading company that develops aftermarket, high-performance accessories for off-road all-terrain vehicles, such as Go Karts.
CountyImports.com, the second largest online retailer in the off-road market, is also a wholly-owned subsidiary of
SNWT and has created two very profitable websites that sell off-road vehicles and parts directly to consumers Buggy World,
SNWT`s first acquisition, is an established retailer of off-road buggies, buggy parts and accessories with multiple locations in Southern California
SNWT is the exclusive TrophyKart dealership for San Diego County
SNWT has also acquired sales and marketing rights for leading off-road sporting brands Fox Racing, Joiner, and Thor.
And just last week—
SNWT announced the launch of www.ScootSpeedShop.com a new e-commerce website selling high-performance parts for on-road Scooters and off-road recreational vehicles (ORVs).
A triple revenue gainer in the making!
SNWT recently announced revenue guidance for 2010 of between $6 Million and $8 Million! Hitting even the lower range of that forecast means
SNWT is expecting to TRIPLE Revenues in 2010. Wait, the news gets even better!
SNWT has also announced that it has obtained $10,000,000 in equity financing from an institutional investor. Frank Drechsler, CEO of
SNWT, summed up the impact of this financing on the company as follows:
"This significant financing arrangement gives San West and its subsidiaries access to growth capital, enabling us to accelerate our growth strategy and implement additional marketing initiatives to take full advantage of the increasing demand for personal motorsports vehicles, parts, services and accessories," A strong 2010 revenue forecast plus $10 MILLION in new financing makes
SNWT a company worth watching in my opinion! And now this...
SNWT`s chart could signal a reversal in trend...
The candles seems to indicate that its downtrend is losing steam.
Confirmation of this can be seen in the Stochastics which are giving a strong oversold signal However, the MACD has crossed and is entering bearish territory. If the stock breaks below 11 cents, that might signal a continued downtrend. But I don`t think that will happen, nevertheless, watch for any break below that number.
Volume is still very strong A growing player in a $31 BILLION industry!
SNWT is part of a $31.5B industry according the The Motor Industry Council. Bottom line: I like what I`m seeing from
SNWT and suggest you do your Due Diligence quickly.
SNWT has been very volatile in the past—which is great for us traders—so I don`t want you to miss any of the price action.
Good luck and good trading! Jeffrey Dean Editor To view the disclaimer visit
See Investor Soup's website for full disclaimer. Investor Soup may have received compensation for stock picks.
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