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Wednesday, March 26, 2008 1:33:44 PM
ARUN breaking out after lengthy consolidation. Stock took a hit when management stumbled and delayed getting some anticipated federal contracts. But unlike FRPT (ugh!) ARNU is not beholden to one customer. They enjoy a worldwide customer base. In fact today (3-26-08) there was an announcement about a deal with DELL. Moreover, ARUN held up extremely well over the last month when there was blood in the streets. Now breaking out IMHO.
In March 2007, the Company completed its initial public offering, or IPO, at a price of $11.00 per share. Tons of cash on hand. No debt. Gross profit margins are over 60%!!
Good luck!
-Fritz
In March 2007, the Company completed its initial public offering, or IPO, at a price of $11.00 per share. Tons of cash on hand. No debt. Gross profit margins are over 60%!!
Good luck!
-Fritz
The more you know, the less you don't know.
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