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Thursday, January 03, 2013 3:45:27 PM
They aquired SDN some time ago and I believe they may have generated revenue from it on the last quarterly report.
All things considered, they are on track for $20 million in revenue for FY2013. Basing net profit values off of the last quarter, we could see $1.2 million in profits next year or $.0022 per share. Multiply that with S&P P/E ratio of 16 and we should be trading $.036.
We will have to see a few quarters of proof, but this stock is trading way below its fair value. Also when the price improves, so will the squeeze effect.
When the 10K comes out on the 9th, I believe all hell will break loose, and may shorters will be left holding the bag. If you want a stock to short go to MSLPD, they are losing $20 per share, and are in direct competition with FITX.
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