something positive., page-4

Operationally SRA looks to be kicking goals and improving every day. But legacy issues still shut out the sun.

The big issue remains the Cavastowe receivable of $5.1 million due for repayment on January 17, 2008. My guess is that a hefty writedown is probable (I don't have any inside information however). The current Share Price seems to reflect this.

Although profits would be seriously affected, cash flows and the underlying business would be unscath.

Once this problem is faced and surmounted, the share price could benefit. Don't expect dividends any time soon - this shapes up to be a growth stock over the medium term.