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Wednesday, 12/29/2010 9:09:46 AM

Wednesday, December 29, 2010 9:09:46 AM

Post# of 10796
NEIK - Interview with CEO Wilson Russell

This one hasn't panned out like I had hoped in 2010. But, their prospects are good and they have $12m in backlog contracts. Margins are just okay, so the key to success here is in volume of work.

I think NEIK will continue to get the nod for contracts and should have a good year in 2011. They do need some working capital to support expansion efforts, so it's a bit speculative. But, I'm willing to hold at my cost average of just under .15.

Here's the interview:

http://ceonews.posterous.com/neik-interview-with-ceo-wilson-russell#

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