Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I am not sure that comparisons are going to be more difficult than in prior years, they had top lines of $1.4, $7, $9.5, $16.5 and $27.2 MM n the years 1998 to 2002, I expect that they will finish this year a tad under $50 MM (December 2003), or 500%, 36%, 73%, 65% and 76% YOY top line growth. I do not expect, nor does the price reflects that kind of growth to continue (their PE is 33 on projected $.54 earnings next year). They seem to be still operating in an underserved market (their penetration is still well under 25% of their potential) and unless they "screw up" in execution, I do not see major problems ahead (until we get a bear market, of course).