agree with you and these guys have offshore earnings...

agree with you and these guys have offshore earnings diversification and annuity style revenue and margin from the loan servicing division. I thought it would tick up as well although i suspect there has been some small nibbling at these low levels to accumulate. A lot of stock still held by the founders and associates and i think the way they structured the IPO indicates to me that they are wanting to grow this business into something much bigger and just not flip their holdings as soon as they come out of escrow.