Very amusing post to say the least.
I share your sentiment about 995ad.com but I still have concerns. According to their PRs, they stated that they'll have 550,000 car ads by July. And now, they state that they DO HAVE 550,000 car ads as of today.
But what concerns me is that 995ad.com only has 34,755 car ads. That's great, but wheres the other 500,000+ ads?
Although it concerns me (and I hope they get working on it ASAP), I'm still invested in IDWS because they are a very well rounded company. I was researching on their site, which is probably the best bet to see what IDWS actually does, and found out good info on them.
Looks like they have a handful of very profitable niche businesses all over the place. They have:
1) A software outsourcing company, I believe this is their main business. They have over 400+ IT professionals. I'm assuming that they're all outsourced of course. From what I read, I got the impression that it was the Carribeans?
2) A security company
3) A bass fishing company. (Very nice product by the way. I saw the video clip and was damn impressed with the product)
4) And of course 995ad.com
I am comfortable with my position in IDWS because all of their subsidary websites seem extremely professional and legit. 995ad.com is probably the portion of the company that requires the most attention in terms of upgrading, updating, and revising.
But other than that, shares o/s looks great, debt-free is always good, and the pro forma earnings are splendid and to die for.
Activity right now is dead. I'm waiting for updates to 995ad.com, earnings, and for the crowd to rush in and push up the PPS to drastic new highs.
See you next sunrise...
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