Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

The hook is recent roll out of new product, very early in their "J" curve. Since HAUP has just moved above the breakeven, a good 20% of any increase in the top line gets to the bottom line. If their products "catch on" (and they seem to start and get traction in Europe) earning could blow up rapidly. Here around $5, they are not even selling at one time trailing sales, and surely much less forward 12 months sale. Of course, a bear market and a recession can change the picture rapidly, as it has in the 2000/2002 period. I just don't think we have resumed the secular bear market, yet.