RBaron, to me the fundamental story is a low number of shares in the float (.4 mil - insiders hold 49%!), current ratio over 2 (2.93), P/E ratio below 10 (5-5.9), price/sales under 1 (.42), virtually no long term debt (.1 mil), consistently growing revenues, net income, profit margin (over past few years), return on equity (25.5% above average for industry per wsrn.com), return on asset (147% above average for industry), selling 30% below book value, no institutional ownership (yet), yada yada yada! <g> You get the point!
Only negatives are the reverse split (often the kiss of death, but I don't see how in this case), the low trading volume/wide spread (undiscovered?), and lower earnings last quarter than the year before (-1.3%). Their profit margins appear to be under a bit of pressure over the past several quarters, but 47% still ain't bad!
Check out:
wsrn.com
I'm seriously thinking of buying some. If we get the word out on the fundamentals, and the upcoming earnings announcement is good, there's no reason we shouldn't be able to get some folks to help us move the share valuation to 10+ IMO.
Paul |
