otcbb stocks are a breed unto themselves... they sometimes confuse and bewilder the mind when it comes to pps not equaling book value.
realize that the market has a mind of its own at times...lol correction - all the time. however imo the acquisitions that have been added to the udry portfolio are accretive in nature, and in fact, to their balance sheet...
note: $500k cash reserves 2nd qtr '07 and $4m in the bank 2nd qtr '08. in addition they have already reached a major threshold of over $20m in revenue and imo are on the direct path to reaching $100m revenue within the foreseeable future. robbie stated that they have already identified and are in active negotiations with possible acquisitions that already have those numbers in place. and i believe that he said that it would be at the rate of atleast one new purchase per quarter. imo those numbers are amazing.
also note that udry is THE FIRST Consolidator of nationwide drycleaners in america. there can only be one first and udry is it! it's a new concept, and perhaps a concept that investors will have to get comfortable with. however, americans are already comfortable with drycleaning to the tune of 9-10b a year gross as an industry...and imo will become very comfortable with udry in the future as well.
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