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dickmilde

01/22/13 7:03 AM

#419 RE: swampboots #418

I've been in SLP for a long time... Since early 2000's when it was as low as .23. That would be an 18 bagger :-)

The stock price is very volatile but the sales, stock holder equity and management are very stable and on a long up trend. The recent Q report indicates that SLP was impacted by some industry closures and consolidation. This may be a critical time for Walt to see if he can keep his record intact. He said the consolidation was unique and never seen before and there was no reason to believe that it would continue at the recent pace. I'm holding my shares with the expectation that he is correct and that SLP will continue to grow. The recent introduction of the dividend has a tendency to put a floor under the stock price but since part of the 2013 dividend was paid in 2012 the effective yield will be lower for new investors in 2013. This may be part of the reason for the recent price weakness.