Having just listened to the call, I see why the stock had no reason to go up today: 1) Kelsall cut Jenkins off as he was trying to describe post 2000 by saying "we're seeing continued demand for our product". That's a closed answer, somewhat of a dodge, almost like he didn't want JJ to continue with his answer, 2) Jenkins didn't know what was going to happen with TavaBeck post y2k, 3) Kelsall sees "modest growth" with TavaBeck compared to q1, 4) Kelsall said "60% of business is y2k". That's ok, but the other part of their business isn't a clearly defined model in investor's minds, and 5) Jenkins saying really no reason for more y2k announcements and instead, only core business announcements. Overall, I would have to say that, even though the quarter exceeded expectations, the future is nebulous. Personally, I think they're up to their eyeballs in work that they haven't had time stop and breathe and look much farther than a few months out. That's ok, but PR is supposed to help situations like this along and give the market a "vision". In Tava's case, the only pr is the conference call with, obviously, little coaching from anyone on how to conduct one for maximum effect.
With that said, I'm still long in Tava because I think these guys are going to continue delivering earnings in future qs.
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