Wednesday, June 07, 2006 8:08:02 AM
1) The retail forecasts made way back when, were made based on the merger with Kelly do not count. It would have been great if he kept up his end of the deal, but he stuck it to all of us. That party is over. Forget about it. This includes Datafuzion.
2) After that happened, Mr. Cox and Mr. Berman could have said “That’s it, we’re done.” They did not. Instead they went ahead with a plan to bring ISCR back. I give them credit for doing that.
3) They have taken this thing from nothing to reporting sales of $7 million + in the first quarter. Additionally, they were able to make a profit, even if it wasn’t much, it was a profit.
4) They are also paying an 8 1/3% dividend.
5) They do have multi-year contracts with major pharmas. That is very good and could lead to more business.
6) I think management presented a very positive CC and are confident about the future.
I cannot compare the current company to the company that was preparing to roll out big things upon the merger with Kelly. It is a different animal now, but I think management is trying to get things back in place and has done a fine job with what they had. I have been here for quite a while and am not leaving soon. Give them credit where credit is due.
It’s a brand new game, they have customers and are generating revenue. I will give them time.
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