Underground Solutions Inc. (fka UGSI)

[Obamination]

Andy's Q1 letter should be out next week or the following.

Going "public" would definitely help with exposure, liquidity and price appreciation. Added cost though would be at least $500k annually when you consider audited financials, SOX, regulatory costs and mgmt time. Is the cost and aggravation worth it to Andy and the team when they seem to be able to generate enough funds internally to fund their acquisitions? For the time being, no. Difficult to comprehend since if we are indeed generating all this cash flow, why isn't the pps 20-30% higher? The market can't be that inefficient! A continuing conundrum for which we all search for an answer.