I am hoping this post is not necessary and that most understand the process, but when reading Casino's post the following brought this to mind:
"I know that our newest Analyst at Merriman spent some time with Lee on the phone...."
The above highlighted and reminded me, that Professional analyst do alot of research and ask alot of questions before writing a report. So when Merriman comes to a conclusion that the target is $3-4 it is based on much more than going to an EGMI dog and pony slide show. There is a long professional process they do that is both qualitative and quantitative to reach their conclusions--typically taking weeks to accomplish. So I think all of us on the BB should take comfort in the fact the Merriman report echoes what many of us already believed. I am just waiting for the I AM From Missouri Market to wake up and smell the coffee. ---and for those that want to sell at these levels to Please do so.
Lee has been spot on for a bunch of quarters in a row on his guidance numbers and said during the call that even if Revenues would come in a bit lighter then expected due to timing of shipments or currency fluctuation that they would still hit thr bottom line guidance.
not that it matters much, but a perfect record has certainly taken on a new meaning since madoff. LOL
i'd like to see an occasional beat here and there.
but then....there is beauty in long contracts. predictability.
We're only talking about $5 million in additional sales. It seems very conceivable to me that most if not all of that would come from the iQuiz card launch.
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