Singing Machine Company Inc (MICS)

[NobleRoman]

I'm not so sure about that. We have recurring revenue at 80 to 90% margin now, and it's growing. The quarter aftger next will show the WalMart sales in a dept. that's 4 times heavier in foot traffic than the toy dept. They just signed on a partner in Australia, and the market is going to be forward looking on all of this.

I don't know what to expect. I'm really bad at short term forecasting, but I don't think it will be so bad. Then they head into Christmas after a lot of that clarity and dust settling comes to light... And, the fact that we are on Nasdaq now untiles many hands.

I get the $15 just from a simple p/s of 1, which is a very realistic valuation on this company I think. If things go reasonably well to theory, and I don't think that's a big stretch.