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MikeDDKing

12/06/11 9:51 PM

#9 RE: MikeDDKing #4

PBSV is one of my favorites which I think is poised for significant appreciation. They provides technical compliance related consulting services to the pharmaceutical, biotechnology, medical device, and chemical manufacturing industries. Here are some reasons I like PBSV:

1. PBSV has had 6 quarters of sequential growth in both revenue and earnings!

2. In the most recent quarter they made $0.067/share. Using their normal tax rate going forward, however, it would have been $0.044.
I expect them to continue to grow but even if earnings stayed flat they would make $0.18/share in the next 4 quarters. At $0.70/share they are quite cheap!

3. PBSV has a very strong balance sheet with a book value of $0.36/share and cash of $0.18/share.

4. They have a number of growth initiatives underway including branching out into IT services.