So you took the tax loss on this one? I'm down a lot, but decided to hold. Actually been buying more. Stock has been hammered down to $1.60 despite a solid Q3 with earnings of .06/share.
After a tough Q3 comp, they've got an easy bottom line comp coming up in Q4. Backlog rose sequentially from $10.8M to $11.9M. So hopefully we'll see another .06-.08/share in earnings for Q4 vs. a year ago loss. Annual comp should be very favorable as well.
SMID could bounce big if Q4 comes in at .06+, which would put annual earnings at .28+. A return to $2 would be a 25% gain from here. And I'm hoping the stock climbs a lot higher than that. 2008 could be another strong year for the company with possible extra business from the conventions and then the inauguration in early 2009.
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