interesting reading grant with regards to the accounting...

interesting reading grant with regards to the accounting treatment.

from a very superficial look it appears that the EBITDA growth was very strong 05 vs 04

suggesting (to me)their ability to generate cash is quite high from modest revenues. seemingly they are at a point that most revenues will fall thru.

with the AGM thursday and possibly some qtrly guidance we might see that JMB isn't as expesive as it looks.

with flat qtrly revenues they don't look that exxy to me. with any growth everyone might get a surprise.

i hold, just to keep things honest.