I am also long on this stock, just bought some more at these low prices. They have $59,000,000 in cash
plus this $35,000,000 that they will be getting thats
$94,000,000 in cash with $139,000,000 in shareholders equity, Revnues are growing each Qrd. gross margines are about 44%, all they need now is to show some profit from operations. They also anounced last Qrd that they are looking for new managment. and they hired Bear Sterns to make a deal to create shareholder value.
From all the stocks that I have seen this one looks like a pretty safe and undervalued stock. Three things can happen, 1. they get good new managment 2. they sell the company 3. they merge with a bigger company. What ever happens I thing It will be good for the shareholders. Untill then, the stock looks like it will just sit at these low levels. I appreciate if you can comment on this.
Earnings should be out any day followed by a conference call.
It should interesting to hear what managment has to say at this point.
good luck |
