Defense Industries International (fka DFNS)

[StockDoubling]

Book is low .40's (after the $6 million)

Earnings are roughly .048 EPS for 2007.

Yes revenues and earnings grew big in 2007.

According to their 10k $1.2 million was shipped to IDM of the backlog in Q1 and thru april.

I was impressed with the growth in export military which was over 40%. If they can duplicate that kind of growth in 2008 great.

However based on the $4.5 million order (1/2 for 2008) I don't foresee them doing better than the $9 million to IDM for 2008.

Based on the backlog of $1.2 to IDM and the $800k likely to civilian in Q1. I would think a $2-3.5 million quarter for Q1.

Disappointed that the President didn't take his bonus in shares. $100k + could have been taken in shares and he owns ZERO!

I don't see a lot of downside mind you. I think low .30's is undervalued. But I also think .50 would be fairly valued at this time as well. So not dead per say but I think a dime up or down is about what you will see.

And I think a poor quarter or a lack of reporting quarter will send it lower as well if that is the case.

I am underwater right now on it so I don't foresee myself selling right now. I would love to see a buyback of $1 million worth or so.