Singing Machine Company Inc (MICS)

[NobleRoman]

Fantastic quarter! I was stuck in doctor's office for annual checkup and couldn't comment. Surprised at the pullback too, but I imagine that is due to the entire market being down. Dow dropping 400 points against this backdrop doesn't help.

Ault's mystery projections of $52 million annual sales could have been a forward projection which didn't occur to me. Now that number is suddenly very doable. All those fears of recession were erased by Wal-Mart, as I was saying. This is a good beat to overall common sense expectations. Blowing our normal 1st quarter sales precisely because of these new deals, which is what I've been saying on the record.

I'm not in the stock, of course. IFFF I had my 1,000 shares, I would have only experienced a max of $2000 paper gains in the beginning of the day. And who knows what at close. Good fundamentals though.