ENDI Corp (ENDI)

[Lebaneseproud]

Well I appreciated the chat. Ive complained lately about a lack of communication and I think I had a right to complain being a shareholder as long as I have. But this was a step in the right direction and shed some light on things going forward and I do appreciate it and hope it continues.

My main concern was shrinking internet revenue and I think its clear with the commitment to the real estate division that SYTE will transition from a profitable company with declining revenue to a profitable company thats a growth stock. Overall revenue may decline this year due to the internet division but I think the real estate division will see strong revenue growth by end of 2014 and further growth going forward.

As far as what to do with the internet division, I think its probably best to keep it for now as its still profitable and Frank mentioned more cost cuts which could make it even more profitable. I think the only way they should sell it in the short term is if they can get a price for it that makes some sense. Otherwise I think its wise to keep the profits and cash coming in from the internet division while the real estate division continues to grow.

Some at the chat asked for more dividends. I think its too early for that although I think its a very good idea down the road as SYTE builds a bigger property portfolio and cash position. I think its more important now to re-invest the cash and re-invest in the company with share buybacks (even small ones right now if they dont want to spend too much cash).