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jkatz

08/17/10 6:50 AM

#4519 RE: penn33c #4518

Penn, I believe your observations are spot on. This company didn't lease long-term 75K sqft just to house a larger billing staff. This guy with his big sign on the building has big plans. His debt is still low, his top line growth will be closer to 20-25% this year. Not bad after 4 years of 10X growth. It seems the lawsuit should be dismissed and his relationship with Anthem should improve. As far SGA growing faster than revenue, inventory is up and adding sales staff is expensive.
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fishybusiness

08/17/10 1:49 PM

#4522 RE: penn33c #4518

Wow, talk about damage control! If you read the 10-Q it spells nothing but trouble. Inventory issues, operation costs, AR issues. Is Penn33c Thomas Saandgard? Seems like it