Sunday, August 17, 2008 9:18:49 AM
Audited financials will be done in the coming weeks for 07 and the first half of 08. I would not hold out that the first part of 08 is any better than 07. We will not know what everything really looks like until EOY when they publish 3rd and 4th Q. Also, They probably will not get paid until December for work they are doing now. One of our biggest clients from my company is Bank of America and we are 90 to 120 out on payments from them and that is the way it is right now across the board with these big companies. What hurts EXPO is raw materials have to be bought and people have to be paid well before they ever get paid from their clients.
But IMO this company is growing at a rapid pace and JD is a very honest and hard working CEO, most of you who trade pinks wouldn't know what one of those looks like. He is not here to make you flippers happy, he is here to make me (an investor) happy. And I can promise you, he is doing that. Buy the Company, not the stock, the stock will correct itself in time. Famous words from Warren Buffet
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