Good Value Penny Bottoms

[mike306oh]

WNYN @ 0.008, a not yet discovered puppy! Based on the last 10-Q (see today's, May 22, PR) this is, IMO, a worth looking into it over the weekend. Just to give you a flavor of it:

Highlights of the financial results for the last quarter (Q3/05-15-2009): (Source: May 22 PR)

Book Value: $ 3,302,214 (last 10-Q, May 15)

OS: 340,579,815 (last 10-Q, May 15)

-- Ten consecutive quarters of positive net income
-- Net Income of $140,095 is the third highest in Company's history
-- Gross Margin holding at greater than 90%
-- A 93% reduction in long term debt since prior year
-- The nine month (net) income rose 46% to $360,132 compared to $247,462 for the prior year before a provision for income tax of ($168,126)
-- Increase in working capital to $1,096,107, compared to $400,205 for the prior year.

What the CEO is saying: "our fiscal discipline over the last couple of years has left the company with a strong cash position and little debt, allowing us to continually make the necessary investment in sales and marketing required to win customers and grow our core business."

See also: UDHI & CAAH, which also reported on May 15 good 10-Q's. For a decent basic DD on these three undiscovered puppies, that are three of my penny favorites, go to those iHub MB's.

PS: If anyone still checks out this MB, please let me know... for I hate to talk to myself!

Mike