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Varchild2008 (84.38)

Cutting GENCOR INDUSTRIES to 12 month $20.65 a share value



May 27, 2008 – Comments (0) | RELATED TICKERS: GENC

By extrapolating GENC (Gencor industries) average share price over the last 3 days, and doubling the percentage gain from Jan 1st to present which is about 42%, I am placing a $20.65 12 month share value.

So....Not bad... I don't expect to cut this further unless GENC blows up a 2nd time on me.

I think Gencor Industries won't come out and report any signed contract(s) regarding its 60 million dollars+ worth of cash it plans to use for a future investment(s) until they first get back into NASDAQ listing requirements by electing/appointing a new board member.

Maybe the GENC shareholders will all vote for me as I have a breath taking 201 shares of GENC thus far!  *wow*

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