Pink Sheets

I've been peeking at your blog for a while, and I just realized my favorite stock pick has a pink sheet equivalent, ROCAF.

I think it is one worth checking out.

http://makingsenseofmyworld.blogspot.com/
 

StockInterview.com has something on that. For myself, I'm not interested.
 

was that you on the cfri call?
at any rate the call had good up-front questions...looked like Kulas had prepped/rehearsed
he almost would not shut up when talking about the market for container flooring and the technical conditions for the one particular tropical hardwood. he had less to say about the company's market position, negotiations with customers, sales etc......yada..is the expansion into solving trailer problems amongst other problems a reflection of how reticent container owners are about buying new flooring? you must be all over this like uranium
thanks for doing a nice job
 

Yeah, that was me. They were quite comfortable talking about apitong in a crisis. Makes sense, it matches what's been published in the World Cargo News.

I'm happy with the call, but they didn't say much at all about why Oceanex was selected rather than someone else. There are a lot of possible reasons.
 

Anything noteworthy out of this article?

http://www.worldcargonews.com/htm/nf20070309.410461.htm
 

Yeah, I had looked at that article around the time it came out. I'm on the World Cargo News mailing list and I check the headlines of every issue. I don't subscribe so I only see the first part and have to buy the rest of the article.
 

Keep up the good work and we will keep up the faith.

I own CFRI and even though it is down 50% from where you bought it I would think they are on the verge of something. What is your current outlook? Do you see this going over $1 in the 6-12Month range?
 

I honestly don't know. The price will depend entirely on the results and the prospects for the future. I worry that they might be too small for EKO FLOR to catch on. However, if the current field trials go well and the big players notice it (which is very likely considering how small the industry is), then it could snowball into something gigantic.

Another worry I have is that BASF is starting to look at composites for flooring. They're big and good at materials.
 

What is your current view after listening to the Investors Conference Call? Have you been in contact with upperlevel managment to get better info? Also I know they are not OTC:BB yet but, should'nt they still show up on sec.gov
 

I was actually pretty happy with the conference call. I should probably do a transcription of it.

One thing that really stood out to me was in the answer about the field trials at around 16:00. The first thing I was thinking was that the standards are probably totally different from the things the customers are concerned about. Very often you find that customer requirements involve things you'd never even imagine were important.

So as Marino Kulas was going on about how EKO-FLOR had been tested for heavier loads etc., I was starting to worry that they were too hung up on these standards. But then at least he ended with this:

"The Kulas family has over 35 years of experience related to containers and has repaired over 300,000 units. With this experience we believe that EKO-FLOR will demonstrate many advantages relative to plywood during our customers' tests."

It's never about technology. It's about solving the customer's problems.

They're trying lots of different customers and two different markets. That's probably the right thing to do because it can be hard to know where or how it will catch on.

The delays don't bother me.
 

Hi Bruce,

It looks like your other investments are doing well. I know it took them a long time but, CFRI has been uplisted to the OTCBB and OTCQB
Just wanted to get your opinion.
Thanks so much.
 

Yeah, I saw the uplisting to OTCBB. However, I don't have all that much hope for CFRI. I've sold a lot of my stock when the demand picks up every now and then. They might still pull it off, but I fear a lot of dilution if they do.
 

Hi Bruce,

I like reading your comments keep up the good work. I hope all is well and that you are looking forward to the Holiday season and enjoy a Happy, Healthy, and of Course Wealthy New Year!!!

Just wondering if you have been following CFRI recently and what is your current opinion?

Thank you
 

Jackfree,

Thanks for the comment. Yes, things are going well and certainly the stocks I own have done extremely well over the past 2 years. Yes, I still follow CFRI and I still own it, although I own less of it now. My opinion is that they seem to be pulling through in the truck trailer business but the intermodal container business seems to be stalled. The new board member announcement would suggest that something is happening, but that's just a guess.
 

Hi Bruce,
It is nice to see you are more active on your blog. I appreciate your views and answers regarding the US Gov't and investing in general. Wondering what your opinion is on CFRI considering their progress in the past few months. Thanks so much.
 

Jackfree,

Yes, I'm doing a lot more searching now in preparation for new investments. I've been slowly selling CFRI, but I still own a fair amount. In hindsight it was just another mousetrap maker: big story, little revenue. They'll probably continue to survive and probably do well, but it seems to be in the trucking trailer business rather than intermodal containers.
 

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