any thoughts on why the sp rise, page-10

Thank you Tony. Speaking of thank you's, I never got one when I told you to buy JST at $2.80!

$12m seems optimistic, given the lending division is where the real money is made in this company. It puts CCV on a forward P/E of 6x. Even though this market is barely trading on fundamentals at the moment so it hardly seems relevant, I would say it is far from expensive at this price. If they hit that $12m next year, I think that warrants a re-rating of the P/E for the stock as it would be a huge achievement.

But as said earlier, it is all about replacing that income stream from the lending business.

This stock has huge upside through earnings growth and P/E expansion if they can continue to grow the other parts of the business and it's o.s expansion and therefore deliver some solid numbers in '09 and '10.

I think with the yield supporting it at current levels, it is a great buy at the current price.