GA Bard.. I would like to "DITTO" your findings!! I have also verified what you have disclosed. In addition, I have a few more tidbits. :o)
If you go to the website, you will find the company currently is a "reseller" of phone lines. What really gets interesting here, is the TRANSITION that occurs once they acquire the new switches. This in effect, makes them a CLEC (Competitive Local Exchange Carrier). Their cost drops from $31 @ line to $8 @ line. This in its own right is rather attractive, since it puts them in a position to be bought out by one of the major phone companies. (ie. MediaOne being bought out by AT&T)
All an all, I think stock pretty doggone attractive, due to 3 main things 1.)their share structure 2.)their niche in the telecommunications industry, and 3.) What appears to be a heavily shorted stock. I say, " Stay tuned!"
FWIW,
Steve |
