Value Microcaps Motherboard

[wadegarret]

Octbargains- note there was a one time charge of $116K

Octbargains- concerning GAMM. I do agree that they look very undervalued. First, I think they made more like $.054 for the qtr after deducting $116K from some one time settlement( got off the 10Q). However, even $.05 for 4 qtrs would be $.20. Trouble with this one is that there is no growth. I really have a hard time knowing what PE to give it, but I assume that 5 is appropriate. Even then, it looks like $1 stock. However, the other thing is that there was not guidence past 2005, and the comment in the 10Q was that they believe they'll remain profitable for the remainder of 2005. I mean, I didn't feel any enthusiasm about guidence, and it worries me a lot that one customer represents 100% of their revenues. I mean, they could go from making $.05 to zero real quick. Oct- haven't made a decision on this one yet- but it isn't without risk. Wade