TIII - new play undervalued with great hurricane angle as well. Totally unheard of low float with a cap of 16m and tangible assets of 37m. Cash has grown in a year from 2.5m to 10m, just turned back to profitable and is a historically profitable company with huge EPS booked in Q4 for 2005 and 2006. Seems to be direct correlation to hurricane damage.
As per quarterly:
Seasonality
Our operations are subject to seasonal variations primarily due to the fact that our principal products, NIDs, are typically installed on the side of homes. During the hurricane season, sales may increase depending upon the severity and location of hurricanes and the number of NIDs that are damaged and need replacement. Conversely, during winter months when severe weather hinders or delays the Telco's installation and maintenance of their outside plant network, NID sales have been adversely affected until replacements can be installed (at which time sales increase).
This is worth $2.50 on paper easy and that is regardless of what happens with hurricanes for the rest of the season.
