Phoenix Associates Land Syndicate (fka PBLSQ)

[badmoon_ryzzin]

they only made 1.6 million excluding other income....eps of .002 times a multiple of 5 is .01. Even a mulitple of 15 gives you .03...and these numbers are unaudited which means a discount....hopefully net income increases in 2007 as they have outlined greater sales at least for the gravel....they don't have much debt so they can use debt, leveraging off the balance sheet for more acquisitions.