TSRI - I liked it, my main thoughts are:
1) Do they make a dumb acquisition? (the one they just did seems to have worked out fairly well)
2) SG&A may be able to go lower (based on line in PR), still hoping for 3 million per Q
3) management team seems to actually be dong something good
I think 0.20 EPS per Q is in the cards soon (only takes 400K falling to the bottom line). If they achieve that and then you ex out the cash, it starts to become a more palatable PE of ~ 10 (granted this math will go out the window with an acquisition)
I'm interested in buying back what I sold in the 9s as well.
All my opinion
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