A word of caution and advice. Note that I do not own SLJB and so take what I say with as much salt as you like (but watch your blood pressure!).
In previous posts, I have shown that IF SLJB's pro forma numbers for 2007 come to pass, this stock would be properly valued, compared to the valuation of peers trading on major exchanges in the same industry, at about .36.
It would make sense that the finiancials about to be released would be significantly lower than the pro forma numbers, which makes certain kinds of assumptions about business opportunities and growth rates. The numbers could be significantly lower.
If you are holding for the long term, it probably doesn't matter what the numbers are. But if you are looking for an exit point, right before the release of the financials might be a good choice. My prediction is that the numbers will be lower than the current hype is suggesting they will be, causing a sell off.
While providing financials audited by a verifiable source will be a great sign long term, with 500 million + shares floating out there (and probably even more with air shares), the likelihood that the numbers will be high enough to support the current share value is VERY slim.
My take. Take it for what it's worth.
AI
