Hannover House Inc (HHSE)

[Michael Anderson]

Its about profit and going for a big hit is what has cost many to lose a lot of money in the industry, so if they can continue to slowly get better, slowly make more profits and continue to just make a little bit of profit at a time without it possibly setting them back, it is a great strategy. You are equating success too much with a box office number. I think you can agree that "Twelve" is an amazing success for HH, yet they grossed under $200K at the box office and are probably going to end the year with their post theatrical release out of the top 100 dvd/blu ray sales, yet it is still a tremendous success for HH. I would be incredibly happy if they can do that with several movies per year or even several movies do 1/4 of that. No one is saying it wouldnt be great to have an awesome box office indie hit, but it is not needed. The size of their business, their partnerships, cash, access to cash, etc makes it that much better what they are achieving and what is going to be achieved in the near future as well. There plan is looking to come together and it is easy to see their growth and future plans.

I mean TDGI has a forward P/E between 5-10 based on their strategy so far, so if they can even exceed what they are doing, that would be incredible. So, I dont know what you expect, but going after and pushing for a big hit is not the answer as that could hurt them much more than help