Albuera, I think most readers appreciate bullish and bearish views. It's great to follow a stock and see it rise in price but equally important is avoiding the stocks that are going down and may not get back up. Personally I think INT will be a big winner but I am also keeping a close eye on things and if I see evidence that INT are not penetrating the market, I will be out quicker than jack flash. This first half result is eagerly awaited by myself and I assume all the other holders. The proof will be in the pudding as they say. The half yearly will tell us in black and white the revenue, profit/loss and cash flow position. Once we have those numbers, we will have a better idea of where they are heading. If those numbers are all good, then it's a comfortable hold until we see the June 30 number. If we do not hear anything from management about the $8M revenue target varying by 15% either way, then we can safely assume all is well and the $8M is in the bag. We have to remind ourselves that this is valued at $33M right now. That is pricing it on about 5 times earnings for 2010/11. That's not ridiculously cheap. I can buy at least five other stocks I know of that are trading on a P/E of less than 5 times 2010/11 earnings. That forward P/E for INT also assumes the $16M is in the bag for 2010/11 revenue. I know that some stocks can trade on huge forward P/E's and that could well happen to INT. I hope it does. However, until some decent home runs are hit, the market will remain sceptical and we can thank the previous management teams for that.
AHL Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held