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Drexion2004

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Drexion2004

Re: veggix post# 53

Tuesday, 02/23/2010 7:55:50 AM

Tuesday, February 23, 2010 7:55:50 AM

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Yep and they can do those 7-10 without raising cash.

Also, only 6 out of their current 15 facilities are more than 3 years old. Facilities 'mature' after 3 years according to management... That means we should see strong organic growth from most of the current facilities in 2010 as well.

I like their membership business model as it gets them cash upfront which they can then use for faster expansion.

-Fernando
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