a company that can continuously grow net income 40% for three years and soon to be four straight years, with no debt, with 11m in cash, 22m assets vs 700k in liabilities, and that trades at less then 10x this years operating EPS is undervalued anyway you slice it. There are many here that love to speculate why this stock is down ie: china isn't closed, we haven't landed a big sports franchise, Kevin has a cold, etc. The reason the stock is down is because a consultant for the company was let go the day after the shareholders meeting because he was useless to the company and wasn't worth the 200k/ year egmi was paying him. He then went out and sold all his holdings, and a week later told everyone he knows to sell the stock because he's an asshole and thats what assholes do. How much was sold, I don't know but its at least three million so far and I'm guessing it is about over if not already. My guess is we see some more deals in the next couple weeks, china being one, and others, and the current price will look like a steal of a century because it is. This company is about to show its colors, and I feel confident that my prediction for 20 Cents AFTER TAX (~30c operating income) in 2010 will be highly likely if not low. I am in this stock for the long haul as many of you here are as well. I would hope that many of you have taken advantage of these low prices to avg up or down on your position because the rubber will meet the road very shortly. Have a great weekend.
