I'm with you there digiholic. I've been taking the "average down and accumulate" approach.
Based on my evaluation of the company over the past year that I've been watching it, I'm as confident as a person can be on the fundamentals of a company this size (there of course is always risk with these microcaps). SEVI has breadth of disciplines and strong collaborations with multibillion dollar organizations (Microsoft, the State of Texas Government, Petrobras Oil, and Shell Oil).
They're not dependent on some new product or untried biotech drug. Rather, they're using tried and true consulting techniques that rely on their personnel connections and reputation in the field for quality work. Both of SEVI's primary divisions have that going for them. The really exciting part is how the company is broadening the scope of those divisions from small contracts to large scale managed services (a little like taking a small restaurant based on a good idea and building it into a franchise business).
So yes, I'm holding my shares for the long run.
-A
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