GNAU has a green light for growth Americans are Keeping their Cars Longer and that`s Why
GNAU (at just a dime a share) is Driving Down the Money Highway! Good Morning! Today`s alert company is: General Automotive Company (
GNAU) After doing my research and analysis on
GNAU, I don`t believe it will continue to trade for around 10 cents a share for very long! It`s riding a strong growth curve—has a great chart—and is a player in a $240 BILLION industry that`s flourishing because of the current recession.
GNAU supplies state-of-the-art automotive parts, mobile electronics and related products to consumers through a global network of manufacturers and distributors. It posted over $12 MILLION in sales last year, and Dan Valladao,
GNAU`s president and CEO, says, "we`ll double that this year." Here`s why I think
GNAU could do it! ·Aftermarket auto parts (
GNAU`s industry) is estimated by Forbes.com to exceed $240 BILLION in the U.S. and $370 BILLION worldwide! ·The Forbes article also makes the point of noting that the average age of cars and light trucks on American roads and highways today, is 9.4 years—the oldest fleet since World War II.
·The average automobile on American roads will cost $925 in annual repairs and parts ·Industry growth is estimated at 3 to 5% annually through 2013.
·And lower gasoline prices and an improving economy should result in more miles driven, forcing motorists to up their spending on maintenance. Source: Forbes.com And
GNAU`s value proposition gets even stronger thanks to their latest news announcement: "
GNAU Signs Agreement to Acquire S.P.E.C. Inc., in Stock and Cash Transaction" S.P.E.C. is a leading provider of high performance clutches and flywheels for high performance vehicles.
Their recently reported revenue was nearly $5.6 MILLION last year! To read the complete story Click Here I`m bullish on
GNAU...
And I haven`t even shared the chart with you, yet! ·
GNAU is trading sideways in a band between 11 cents and 15 cents (Please Note: any prolonged break below 11 cents and the stock should be avoided—it could be the start of a bearish trend) ·With the next spurt of buying,
GNAU could easily test both the $.18 and $.20 resistance levels ·Once it breaches 18 cents, it only has to surpass the intraday high of 20 cents to be in "uncharted territory"
GNAU`s fundamentals are strong and growth companies are usually rewarded in the market! Remember, the MACD and Stochastics are lagging indicators and will only confirm the bullish trend that I expect to see with this stock.
This is why I find trading so much fun—there`s art and science to discovering stocks to trade like
GNAU! Do your Due Diligence and good luck trading today! Best regards, Jeffrey Dean Editor-in-Chief To view the disclaimer visit
