PennyLane: BWMG.ob
Your sleeper stock stayed asleep. Here is something that popped out at me from the recent 10Q:
"For the three months ended June 30, 2008, we had cost of net revenues of $934,137 as compared with cost of net revenues of $576,423 for the three months ended June 30, 2007, an increase of $357,714, or 62.06%. The increase was primarily to support the increase in sales volume the three months ended June 30, 2008 as compared to same period in 2007."
That kind of statement irritates me. Exactly what do they mean
by "support". Were there increased commissions for the sales force? Increased shipping costs for the finished product? What?
Plus they aren't looking for big orders for the rest of 2008.
I don't own this stock. If orders from Dubai started to roll in, I might consider buying some.
For the time being, I'll stick with AYSI which has more business than it can handle. BWMG probably has potential, but right now it is dead money, imo.
Good luck and thanks for pointing it out.