that better than expected

Really thought the brokers presentaton was well done.

All figures charted so can clearly make out a trend as revenue tracks toward $100 million.

Also addressed the fact that margins will be reduced a little in 2005, although revenue growth more than makes up for this.

Interesting to note that average revenue per employee is $750 000.

Also interesting to note that they have 1000 VOIP handsets ordered each day. This must make PEO one of the real first movers in this technology. I know lots of others are introducing it, but looks like PEO up and running.

Also interesting they add 6000 fixed line accounts each month ( that sounds a bit high - typo?) and 2200 broadband customers each month minimum.

Overall really surprises me that PEO is trading for less than what it was as SWT. I never average down so won't b buying more, but definately believe it is worth holding. Company looks strong.