hot stock , page-16

re: hot stock ...av... av...

Signing off now...and going away for the weekend, so will try to dig up what I have and reply to you later.

Meanwhile, the big clues perhaps are the increase in receipts for the quarter...over $5m for the first time.

Locally not much would have changed for the quarter, so the increase must be from the internationals. The recently expanded distribution base for our local market should however have a larger impact in the current quarter.

I guess the most important underlying issue here is that so far, since the new people took over, they have pretty much met or exceeded annual projections...if this is maintained, 2007 should see incomes between $50-80m dollars.

They won't get that with the existing business model, so cash-positive acquisitions must follow...perhaps with a little organic growth thrown in?

Cheers!