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Author Topic: TNSP interesting little company I found
bullpicks6
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Tank Sports Inc.

TNSP

Market Cap (intraday):
33.15M

Enterprise Value (15-Feb-07)3:
35.74M

Shares Outstanding:
32.50M

Float:
5.79M


Shares Authorized 50.00M

Company Profile

Tank Sports, Inc. (Tank) was originally incorporated under the laws of the State of California on March 5, 2001, as Bi-Tank, Inc. June 21, 2004, the company amended its Articles of Incorporation changing its name to "Tank Sports, Inc." The principal office and warehouse is located at 10925 Schmidt Road, El Monte, California 91733.

Tank designs, engineers and markets high performance on-road motorcycles & scooters as well as recreational off-road motorcycles, all-terrain vehicles (ATVs), dirt bikes and Go Karts worldwide with affordable price to market through its contracted OEM suppliers and on site quality control team in China and Mexico. Tank offers a wide variety of styles and engine displacements with its enhanced business model.

Through its dealerships, Tank complements each product line with an assortment of replacement parts and performance accessories. Tank not only markets products through its dealer network in the United States, but also through dealers in North America, South America & Europe.

All of Tank products sold in the U.S. are designed and manufactured based on the market standardizations in the U.S., such as the Environmental Protection Agency (EPA) and the Enforcement Division of California Air Resources Board (CARB), with strict quality control.

Industry Background

The $14.6 billion* U.S. market for motorcycles is set to see its 13th consecutive growth year with the support of a key consumer bloc. Baby boomers are heading out on the highway in droves. Motorcycles, including cruisers, sport bikes, touring and dirt bikes accounted for nearly 91% of motorcycle sales in 2004 and scooters, standard bikes and dual-purpose bikes accounted for the rest of the market. All segments have experienced a boost in 2005 and through 2006, due to skyrocketing gas prices, bringing more cycle devotees into the core user group and further changing the face of the motorcycle consumer. In 2003, there were 8.8 million motorcycles in operation in the United States, or 3 motorcycles for every 100 persons. Of those, 6.9 million were used on public roads and highways, and 2.4 million were used off-road, these figures also include 500,000 dual-bikes, which are designed for use on public roads and for off-highway recreational purposes.*

China has recently emerged as a major player on the world motorcycle market. Throughout more than two decades in manufacturing, the entire motorcycle industry in China has managed to produce over 12 million units aggregately in annual output capacity by 2002 already.** This number is more than 60% of entire world output of motorcycle units by the year. As the quality of Chinese made motorcycles improves, the American consumers are buying more motorcycles other than big names. The units sold in the US market alone from Tank jumped 1,900% from year 2003 to 2005.

Observing the market demand for motorcycles with high quality and competitive pricing, Tank Sports, Inc has strived to deliver to its customers their dreamed motorcycles of quality with affordable prices. The company brands "TANK" for its all products lines,


Looks pretty strong here...

Posts: 679 | From: New York | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Repoman75
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Chart info? Insider info? REcent news?

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

Posts: 6379 | From: PA | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
bullpicks6
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No, I know it's not too extensive on the DD side, I just had a friend show it to me, looked good, figured I'd post it, and see if anyone knows more than me,,,
Posts: 679 | From: New York | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
   

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