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vl39

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vl39

Re: vanessapu post# 2

Monday, 01/21/2013 11:21:43 AM

Monday, January 21, 2013 11:21:43 AM

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They have enough cash to buy back 34% of the outstanding shares. Their cash flow is still over $3M per year. The business printing and stationary needs to kick in for sales and profits to increase. On the conference call they said it is taking longer than they thought to get acceptance of the new service, but they were confident it would happen.

They are renewing contracts with their customers. Hopefully, they are getting better terms in these contracts for specialty items. I purchased a calender from CVS for $20 and PNI may have just received the revenue for 12 pictures ($.36 to $.48).

I still believe this company has a good business model and will do well in the future.
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