Fox and Robert,
Other than the chart, why would you want to own this stock (IUSAA)? Take a look at the SEC filings and I see more than a few red flags here. The SG&A expenses appear to have moved up and now inching down, management is turning over as a result of a series of acquisitions. Sales are relatively flat. Distribution of material appears to be via CD-Rom and I don't see any provision for distributing data via the internet only plans for DVD media later.
This is particularly disturbing. "To the extent that data processing sales constitute a greater percentage of net sales, the Company expects database and production costs to increase as a percentage of net sales."
Wow! Most companies I deal with, the productions costs decrease as sales volume rise.
Class A common stock: 24,228,831
Class B common stock: 23,907,919
Shareholder equity $90,435,000. Assuming A and B are same other than voting rights, then Book Value is less than $2.00 per share. Market capitalization is $265 million on sales of $220 million, so P/Sales numbers aren't out of whack.
It is your money, but I think there are plenty of companies out there with more promising outlooks. Just an opinion.
----
Dave |
