Fred,
well I didn't sell a single share, still have my full position - acquired around $0,90 and I'm very happy. I plan to hold this mid to longterm.
Next thing we need here is either institutional interest or - equally good - raising the stake of the buyback offer beyond $1 (old limit). Once the stock will be able to boost thru $2 (I do think 1 quarter away) then management can safely work towards leaving the OTC/BB, maybe onto the AMEX, where some compeitors are listed (for example DLI)
At after tax earnings of around $0.30 (my guess) for FY2001 the stock is currrently trading at a forward PE of 4.40 and a PSR of 0.25. Way too low and that makes me confident in holding longer term. In the current mood of the market I do own a lot of these value plays with good growth characteristics: CCAM, DYSL, MAXF, OLAB, MTM.TO ..
best regards
CROSSY |
