Medical Action Industries (MDCI)

[Caradoc]

I've got similar mixed feelings about another one: Cyberguard (CYBG).

On the bad side they got in trouble in 1998 for booking product as sold when only out on consignment. I sold at a loss in late 98 but forgot that I had my daughter's account holding several thousand shares. Oops!! But price has gone up while on pinks!!

Their firewall software is arguably the best in the world and continues to win industry awards. Sales continue to go up. They finally became profitable about 3 quarters ago and profits have increased every quarter since. Worse, if they ever get back on Nasdaq, applying PE of nearest competitor (whose software isn't as good) would be more than a five bagger.

But price doesn't reflect these realities any more than it does on this board's stock. Go figure.

Caradoc