Yep Q4 was nothing to write home about on ELSE. Eked out a tiny profit, not too surprising. I still like this one in the low $3's with their fantastic balance sheet (nearly $2.60/share in cash & investments). Think this low floater gets a pop to $4+ at some point later this year.
They've got a couple of easy comps coming up. Q2 & Q3 are their seasonally stronger quarters. Q2 in particular should be a nice comp as they had a poor Q2 last year.
Today's letter to shareholders sounds encouraging. I like the part about a recently launched line of sensors able to detect errors far sooner than previously possible. Maybe that will be a big seller for them.
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