Medis Technologies Ltd. (MDTL)

TheGarcipian (98.94) Submitted: 6/24/08 6:32 PM : Start Price: $3.13 MDTL Score: 7.70

Re-downing on this one... Engages in the design, development, and marketing of liquid fuel "liquid fuel cell products for mobile handset and portable consumer electronics markets." Overblown value. This is, or very soon will be, a commodities market. Unless you have some stellar new technology or can do it cheaper/faster/better than your competitors, you're not going anywhere. Apparently, Mr. Market agrees, as this stock has been sliding downwards since Nov. 2006. All the main financial numbers are negative, primarily because their sales dropped from $425K in 2005 to only $150K in 2006. Gross profit sits at a paltry $52K; the mayor of my hometown makes double that amount of money! And he doesn't have to support 151 other full-time employees... Net losses continue to pile up: in 2004, -$15.7K; in 2005, -$18.6K, in 2006, -$33K. I hear a very loud sucking sound... Going down, anyone?

Report this Post Replies: 0 | Reply