Buckle-Up Folks! We`re Going Off-Roading! Good Morning Trader! How`s this for an action-packed pick...
San West, Inc. (
SNWT)
SNWT is a retailer of premier off-road vehicles (dune buggies, sand rails and ATV`s) and a leading supplier of aftermarket parts and accessories.
And, it`s also a highly successful off-road vehicle (ORV) repair and maintenance center.
Plus,
SNWT is aggressively expanding its market share through strategic acquisitions, as well as experiencing its own rapid internal growth.
in fact, I just got my hands on one of their souped-up, adrenaline machines and I think I am in love again. Even if you decide the stock is not for you, you need to Recent
SNWT acquisitions, partnerships and developments...
Buggy World:—a retailer of off-road buggies, buggy parts and accessories is now a
SNWT wholly-owned subsidiary Letz Go Racing Off-Road Center:—a developer of aftermarket, high-performance accessories for off-road all-terrain vehicles such as Go Karts is also a
SNWT wholly-owned subsidiary CountyImports.com:—owns two successful e-commerce Web sites targeted at the ORV industry, another
SNWT wholly-owned subsidiary TrophyKart:
SNWT became the exclusive dealer of this high-profile off-road brand in San Diego County Fox Racing, Joyner, and Thor:
SNWT acquired non-exclusive sales & marketing rights for their off-road products ScootSpeedShop.com:—an e-commerce website showcasing high-performance parts for on-road Scooters and off-road recreational vehicles (ORVs), another
SNWT owned property And the icing on the cake...
SNWT recently announced revenue guidance for 2010 of between $6 MILLION and $8 MILLION! (click here to see the announcement) If
SNWT can hit those numbers that would mean their sales could triple or even quadruple the revenue they did in 2009! And now this!
SNWT announced they have secured financing in the amount of $10 MILLION an investment banker that works with promising, growth companies.
SNWT plans to use this money to accelerate its already impressive growth and implement additional marketing initiatives.
And let`s not forget
SNWT`s chart! The stock has pulled back nearly 50% from its recent intermediate-term high reached in February to its recent intermediate-term low.
Volume is expanding during rallies and contracting during pullbacks.
This shows healthy signs of accumulation with only light profit-taking (no panic-selling) during the subsequent pullback.
While the MACD is, admittedly, pointing down, I think it may be poised to reverse based on the contraction of downside momentum (as illustrated on the MACD histogram.) The stochastics are deeply oversold suggesting the stock has pulled back “too far and too fast” (relative to its past pullbacks..). It also suggests a tradable rally could ensue at anytime.
Keep in mind...
We`ve covered
SNWT before!
SNWT has come a long way since I first shared it with Beacon members.
And, once again, I like what I`m seeing -- but this time we get to see the stock at half-price! I think they have a real strong value proposition to attract both investors and active traders.
So... complete your Due Diligence and get ready to trade
SNWT.
Happy Trading! John Baskin, CMT Chief Market Analyst Beacon Equity Group To view the disclaimer visit
See Beacon Equity's website for full disclaimer. Beacon Equity may have received compensation for stock picks.
Home
