I first mentioned Mariner's Choice International (MCII-Pink Sheets) in late March. Back then I commented that notwithstanding its pink sheet listing and limited financial history I was impressed with the company's potential. Since then I have done further research and have concluded that MCII could be a "mega" stock, offering high risk tolerant investors the opportunity for a huge potential return. My research has included "kicking the tires" so to speak by using some of the company's products. Specifically, I tried Rain-B-Gone, and the Auto Rim Cleaner, both of which worked very impressively. Not to be lost on investors is unlike many pink sheet companies that only offer"vaporware" products, or potential products, MCII actually has products that work well, and most importantly in today's BP dominated atmosphere are environmentally friendly.
Rain-B-Gone (RBG) is a windshield treatment, water based, solvent free effective water-repellent. Its advanced technology is designed for quick and convenient application. It repels rain, sleet, mud, dirt and bugs. It also reduces glare. Unlike similar products on the market RBG is molecular and not chemical so it is much more ecologically friendly.
Auto Rim Cleaner is a biodegradable, non acid product that helps in the reduction of brake dust, road grime and salt stains that accumulate on wheel rims and hub caps. I used both products and they were great.
However, beyond these products (and the company has others as well) there are additional important reasons for liking this stock, one of which is a potential blockbuster. First, the company is building -as per its business plan – a stronger and larger distribution network for its offerings. In the past, MCII has utilized small distribution channels. However, this is changing and management expects that larger distribution agreements will be forthcoming that will be able to accommodate bigger orders. Recently, another distribution agreement was announced.
Now for the potential icing on the cake. Last week MCII announced that some of its products are being considered for cleaning up the BP Gulf mess. If in fact, MCII products are selected as part of the clean-up solution look for the stock to explode on the upside.
By way of disclaimer, I have a significant position in MCII and I obviously hope my observations are correct. However, I have been in the business of stock selection for more than 30 years, much of which has been spent in analyzing small companies. I firmly believe that MCII has the potential to be one of those stocks that can make a portfolio and create significant wealth for those willing to assume high risk. Right now the company is still trading beneath the radar screen, but if the company's products for the Gulf clean up are selected it will get lots of attention.