Industrialex fka IXC

[triadvisor]

That's good to hear about the dividend ib. Not very big but good of management to make the gesture. I emailed the company a while back and didn't get a response. That may be because I was berating them for never promoting or releasing any news. I gave them a good keyboard lashing lol.
Somebody PM'd me this about IXC.U on stockhouse

Smallcap company: INDUSTRIALEX MANUFACTURING ( IXC.U )
-Successful turnaround executed with all the right ingredients for large move upward.
-Recently announced dividend payment on April 11 2008 to all shareholders on record as of March 14 2008.
-Profitable.
-Company aggressively buying back shares on the open market.
-Insiders own 57% of outstanding shares according to last information circular. Percentage actually higher taking into account ongoing share buyback.
-No debt. Significant cash on balance sheet.
We were alerted to this stock when we learned they are paying their first dividend to shareholders in April. We investigated further as dividend payouts signify solid balance sheets and are almost unheard of with a TSX-Venture listed companies trading at pennies. The company has shown consistent growth in margins, profitability and earnings since consolidation. Much of their business is military based which is virtually recession proof. This is our first time recommending IXC.U
Our estimate of 6-8 cents FY2008 earnings justifies a target price of $ .90 - $1.20 per share in the next 12 months.
Low volume and a small float means when this one moves up it will be fast.

Does this seem reasonable to you or is somebody just pumping?