I invested and still am buying more shares ocassionally because they are a small, profitable company that is continuing to build its business and continues to move towards the OTCBB. The company is honest in my opinion, but their time frame estimates for accounting and SEC filings are always off -- much slower to get years of audits and SEC stuff done then they estimate. But I'm investing in LBWR for the long-term.
If you're looking for a short-term, momentum / excitement Pink Sheet trade where a 10-bagger is possible, this would probably not be it. Those types of trades can be enormously profitable (or devistating), but LBWR is much less of an emotional rollercoaster than many Pink Sheets. Just slow, steady business growth progress so far.
Very close to filing their Q2 to the SEC, then refiling their Form 10 with attachments that may prove interesting / exciting. $1 million+ in revenue and they haven't even started booking the revenue from the huge client they had lost and just reacquired. They will be booking most of their USIS revenue in Q4 of 2008. Very high margins (that will almost have to come down a bit, but still will be fantastic).
Also, their business appears to be much more recession-proof than other types of businesses (financials, retailers, etc.).
If you really want to gamble, try Pink Sheet company momentum trades or big financial companies or retailers. But I don't consider LBWR much of a gamble unless I need to sell within a short time. In fact, so far it's downright boring compared to almost any other Pink Sheet trades I've made.
As far as the estimates of $0.25 or more. With the Pink Sheets and sometimes the OTCBB, almost anything can happen when investor excitement takes hold. I think going to the OTCBB, increases in revenue, an institutional investment could lead it to over $1.00 in the next 8 months ... or maybe not. |
