History would suggest another period of consolidation around the $12 million to $15 million revenue range.
Recent acquisitions were absorbed into the system and now the hard grind is to maintain the balance of the lost/gained revenue whilst serving the customer base.
Wait for the day when a major M/A is announced - their current strategy is well within budget and "safe". I do not see any change to the JCS merger/acquisition approach in the foreseeable future.
The business markets they operate in cannot get staff and many are in survival mode - hence JCS will also be affected by this economic reality.
Hence the only way to make any cash from this company is via a dividend - but that is years down the track.
