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Saturday, November 15, 2008 10:08:15 AM
Including acquisition gains, we forecast a revenue
decline in 2008 of about 6.1%.We note
that IAR's print directory contracts are generally
for 12-month periods; we believe this means
the full effect of a U.S. economic slowdown has
not yet been felt by IAR, as many customers are
still paying for advertising they agreed to
through contracts signed before the economy
began to wane. Similarly, we think an improving
revenue outlook is likely to lag an economic recovery.
Thus, we expect a declining revenue
trend to persist well into 2009.
also looking at the 10Q looks like they have 304 million in cash
Any of you guys ever heard of LXES? I have had it for a while and while it looks like there is no float barely, There is no volume to make it move forward very perplexing. When I bought it it looked like a good opp. and I think it will be one day
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