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FLKI (Falken Industries Ltd) got off to a pretty good start this fall, winning still again the Prize for Product Innovation, and seeing its latest product conception “Brilliance” star the number one European Industry Trade Show in Paris. Projections from the press and industry are for $ 12 million in sales and $ 4 in operating revenues just on this five product group. Some project more than double those numbers. The products target a $ 160 million market in Europe alone and are better, easier to apply, and considerably less expensive than the two major competitors that control the market for these paint rectifiers today. The company has very favorable professional press, has released informative and convincing press releases, and though it continues to neither deny nor admit, it is said to be on the favored target list for acquisition of at least three major cash rich corporate behemoths. It itself has disclosed a change in policy disclosing a decision to pursue acquisitions to expand the North American markets. The stock is up-ticking from its confirmed bottom at 19 cents. There could be ups and downs trading side ways within a penny, but I believe this stock will be headed much higher. The big news is that very few people know this company, established in 1997 and who has shunned publicity until recently. FLKI has concentrated on building its abilities to conceive, produce, supply, and administer discarding any effort to sales until it deemed itself ready. That occurred mid-term this year. No one knows or follows this idea yet. The company with more awards for product conceptions than pages in the Webster, with more than 160 products in distribution worldwide, and an equal amount in the pipeline is going to explode. Currently trading at about 5 times 2010 projected EPS (super cheap), this company is both growing like a weed and has a business model that will garner a much higher multiple- especially when one considers the model- lots of recurring revenue. Of course the early birds have already profited and are coming back for more. As noted FLKI provided a generous 896% to 390% return for traders so far this year and is set to do it again. It’s moving from its base, still swinging within a penny side by side but up-ticking – warming the engine for take off. Technicians predict a free ride all the way to 51 cents, some base building there and a free sail to 73 cents its first point of resistance. If it breaks through that as I believe it will we’re into the dollar plus range. At sub $1- FLKI is easy money for those that can react to the facts. There’s years of growth in this company. FLKI is destined to find its way to an upgraded listing and more institutional sponsorship. Be ahead of it. At the next stage of its development, it will have another growth spurt, and an expanded audience.
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