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Re: Rawnoc post# 194913

Wednesday, 04/29/2009 2:35:19 PM

Wednesday, April 29, 2009 2:35:19 PM

Post# of 275590
New pick - GSB - $0.89

GSB announced a $2.7M order today to the US Army. Because of this I started loading GBS today.
http://finance.yahoo.com/news/GlobalSCAPEreg-Wins-bw-15065778.html?.v=1

GSB provides software for file transfer. To put the size of that order in perspective, their quarterly revenue has typically been in the $3.7M-$4M range. I'm guessing that this single order pushes their 2009 diluted EPS to the $0.15 ballpark with more upside possible. At $0.89 IMO the stock is quite undervalued.

They have a strong balance sheet with BV of $0.43/share and no debt.

They also released some new products in mid to late 2008 which could provide some nice additions to the bottom line.

I plan on following up with more DD in the coming days.

Mike

Visit my favorite boards:
SwingTrade - #board-1781
VMC Motherboard - #board-3251

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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