Janel Corp (JLWTD)

[oxnous]

2nd Mil, did you see this in the interview?

TWST: Are you open to more acquisitions in the future?

Mr. Jannello: Absolutely. Whenever we can discover a smaller logistics broker that has healthy gross profit margins and offers a good fit with their personnel and Janel's personnel, we will be interested in exploring other acquisitions. Obviously, there are many factors that come into play beyond just the cost, but if we can boost our bottom line and it is accretive to earnings, we are interested in talking. We have the best balance sheet we have had in years with cash on hand currently at $1.2 million, and $1.2 million available from our bank line of credit. With that financial flexibility, we have the capital to grow organically and through smart acquisitions, but we're not going to make any acquisition just for the sake of building our top line. It has to make sense to our net income.

Net Income is what investors want to see. And when starts showing a trend of rising net income this year, I expect JLWT could be at $0.80 or more. I have accumulated more than I thought I would have had the time for, but buying in the $0.30's is a good play, imo.