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Re: Guy post# 20365

Tuesday, 08/23/2005 12:18:34 PM

Tuesday, August 23, 2005 12:18:34 PM

Post# of 174965
GUY, re Gamm, there was something in the 10q that bothered me.


"We anticipate that upon completion of our new platform, Tyche, the positive impact from reduced amortization and increased capitalized software development costs will not be available in future periods."

Since this is over $500K of the improvement, that is a significant caveat.

I think its worth a low ball bid, just because things are looking up but I think ongoing profits could be less than the .07. Also troubling is the lack of top line growth.

Still a nice turnaround and obvious management effort to control costs with positive results.

Bobwins

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