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Message Boards Settings Cobra Electronics Corp. (COBR) - Quote Info
Worthwhile bet     21-Oct-09 12:48 pm    
Recently took a position here beginning in the $1.30 area and may add as we go forward depending on how things are unfolding. Priced at .11X sls. and 53% of book (tangible) COBR looks unduly cheap considering they have a FABULOUS distribution outlet chain with nearly 40,000 storefronts (U.S.) with all the biggest names and are widely represented abroad also. (this alone is worth a lot) Current rate of revs. would work out to around $10/day per U.S. storefront (no foreign factored in). Take their radar detectors that alert you to red light camera locations just for example at say $100. (I know a no. of people who have gotten camera generated tickets already as big brother is watching). Just one sale a week in each store front would about equal current rev. nos. in just this one product. These are very loose nos. that I ran through before buying here just to try and figure the potential for business at some point going forward. If you play with the nos. you can get your own idea but with a couple of hot products or pickup in consumer spending this could be HUGE. Stock seems to lag as nos. to date have been poor. With even the slightest hint of better news this stock could become a home run.
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tresfind

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Worthwhile bet
tresfind (2 Ratings) 21-Oct-09 12:48 pm  
 
I could agree more....and own a decent chunk of th...
longtimefol... (1 Rating) 23-Oct-09 02:27 am  
 
sorry...meant to say "couldn't agree more."
longtimefol... Rate it 23-Oct-09 02:28 am  
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Cobra Electronics Corp. (COBR)

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At 2:37PM ET: 1.55 Down 0.01 (0.64%)
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