posted
Some thought this stock was expected to stabilize at .06 or .05 per share. It's hit a new 52 week low. Some penny stock analysts were promoting buying JPEI when it hits .02 or .03 later this year. PennyProfiler was optimistic but stock price has not improved. Just another pump and dump from March. JPE looked real bad - see Nov. 10-Q. Truck parts replacement market sluggish and these plants have old infrastructure. Negative working capital, worth more to sell the assets than run the corporation as a going concern. Mostly tight cash flow hindering paying their suppliers, etc. Most likely current majority owner won't declare chap 11 to buy time to reorganize. Where's the investment by ASC, Prector Holdings. Disinterested holding company? Competition is more of a factor in the aftermarket this year.
[This message has been edited by Allstocks (edited December 07, 2000).]
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