OPBL - I've analyzed this company a lot since its last earnings report. In my opinion, there is very little downside with this Company given its very high margins and growth. However, one ironic item with their capital structure is their debt profile. Since they have non-interest bearing notes that they got from the Chairman and officers, their balance sheet shows net debt of $1.776 million vs. their actual gross debt of $5.553 million. This is really no big deal, but it means that each quarter that they choose to pay down debt with their excess cash, a significant portion of each paydown (approx 2/3rds) is going to be recorded as interest expense due to expedited accretion of the discount. This does not impact the intrinsic value of the company, but will significantly understate EPS and could lead to more buying opportunities if they continue to grow at a rapid pace.