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Re: riskanalyst post# 23962

Wednesday, 09/28/2005 9:38:04 PM

Wednesday, September 28, 2005 9:38:04 PM

Post# of 173788
risk avso

Yes the PR did point out the one time gain from january but I based the purchase on the current numbers and what was admittedly a cursory review of the income statements

If you look at the trend
sales have been growing steadily
margins have been improving (last quarter being the exception)

And they finally went from what would have been a modest profit in q3 if you excluded the one time to a substantial profit this quarter.

Revenue also grew sequentially without the onetime.

This was also a weak seasonal quarter for them as is q1 but if they earn .05 in a weak quarter they should do better in a strong one.

In any case Im not in love but it does look like a pretty good value candidate to run some from here.

When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.

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