Watch List for Thursday 9-21-2006
My new big pick is RHOI.
Let me tell you what RHOI could take off shortly.
As you probably already know the price of oil has dropped substantially in the last month and has wiped out gains for the year. This means people will be driving and traveling more.
RHOI just last week executed a letter of Intent to Acquire Great West Vans.
This is a big move for RHOI. A deposit for the purchase has been accepted and key material terms have been negotiated for the all cash transaction. The deal is scheduled to close within the next 30 days. GWV is a profitable, 30-year-old business, based in St. Andrews, Manitoba that builds and distributes class "B" motor homes throughout North America.
The American population is aging and there is an expected 77 million baby boomers heading into retirements in the next few years.
This is going to be huge for the sales of RV vans as people will travel more in retirement. RHOI's Vans have been featured in RV Lifestyle magazine. You can read the article here:
http://www.rvlifemag.com/file346/legend346.html
RHOI also owns the Rhino Off Road RTV.
This is one of the most amazing off road vehicles I have ever seen. What makes RHOI's RTV so great is the built in cage which makes it safe for novice. You can now rent these vehicles in Vegas.
Check out videos of the Rhino in action at:
http://www.rhino-offroad.com/index2/vid/4/26.html
RHOI's Rhino will be demonstrated at SEMA in Vegas this coming October.
"This Truck Trend Proving Ground allows Rhino to demonstrate its RTV's in an environment that reflects the conditions the production vehicle encounters during every use. Attendees will see first hand the attributes of this extraordinary vehicle and the products used in its manufacture," stated Howard Pearl, President of Rhino Off-Road Industries.
I believe when more people see the Rhino, word is going to hit wallstreet about RHOI.
RHOI has already setup shop in China to produce the Rhino and equipment has arrived. "Production equipment has begun to arrive, we expect that Jim Skinner, our senior designer will be in China for up to 90 days to help our partners finalize plant layout and review the quality control process shortly after we finish up at SEMA in late October," stated Howard Pearl, President of Rhino Off Road Industries.
RHOI, as a company is moving fast. These 2 acquisitions have taken place in less than 6 months, and I'm sure there is more ahead.
RHOI's price is trending up but still way off from the 6 month high of $4. I believe with recent developments, RHOI is very undervalued here. Make sure you watch it carefully and do your own research.
http://www.rhinobrands.com/