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Olmsted

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Olmsted

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Monday, 04/01/2013 10:43:18 PM

Monday, April 01, 2013 10:43:18 PM

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Earnings look good. 31% YoY revenue growth. P/CF (ex growth capex) is about 5. I saw the note about expenses being slighlty higher because they keep bringing on new hires. And of course, the ~$1m in investment in VLN is hiding true earnings power. I can't wait for VLN to start up in earnest.
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