I read the recent annual report. SPAR is losing money. I believe that's why the stock price is heading lower.
Randy,
If this dinosaur building concepts spreads, SPAR is positioned at the vanguard and should capitalize on it. My superficial opinion after travelling around the USA, is amusement parks and county fairs are alive and well. While in Las Vegas, NV last month, I noticed the MGM Grand had is own theme park for the kids and across the street the New York, New York had a roller coaster circling the casino/hotel. Sorry, I did not see any dinosaurs. Last year, the family went to, Reptile Gardens in Rapid City, SD. If SPAR could make inexpensive dinosaurs, I bet the gardens would buy a few for its majority market--kids that love gators, crocs, lizards, turtles, etc. The 7 flags are sprouting up, theorectically, less than 1 days drive away from most areas of the USA. Here is another potential customers along with the Disneys. Just my initial mutterings, but I can see a specialized niche market for the dinosaur products. Remember kids think dinosaurs are cute. |
