Here's some good news on SLM..if you call them IR will confirm they have met with Nasdaq concerning a listing approx. by September. And yes, they qualify so it's just a matter of paperwork. This is where SLM belongs, no question. Compared to their U.S. counterparts, they are severly under-valued and Nasdaq will give them the much greater exposure to NW States where they are building their business rather nicely (not to mention the entire U.S. financial district).
Although I'm not invested at this point in time (have traded in and out since their IPO), I believe this a great company with a superior staff of mini "united nations" consultants who will do well on the international stage as well, given that their product, especially ESP-Link is so in demand around the globe. In addition, Mal Anderson, who used to head Credit Union Central of Manitoba, is well-received by bankers and speaks their lingo. He joined SLM last year and I believe he will make a valuable addition to their team.
I'll continue to monitor their acqusition-filled warchest and will jump in soon (my money is tied up elsewhere right now). But for those currently invested - especially those that bought at the $10+ levels, I think you'll be amply rewarded within the next 9 months. This is a first-rate company.
Cheers for now,
NOK
PS -- Another severly under-valued company you may wish to look at is Royal Laser Tech (RLT - tse). They've just had a robust quarter and earnings will be out no later than March 12. I'm expecting a price jump to at least $10-$12 from today's $6.00. (see my SI post on RLT thread for more info and links if you're interested) |
