The beauty of MCE besides fantastic management, a best in class...

The beauty of MCE besides fantastic management, a best in class product, diminishing competitors & increasing exploration for Offshore Oil (therefore Riser Buoys)is that the company has achieved all of this success off primarily 1 product!

The elephant in the room is that given MCE's track record and quality to deliver is that they are quite likely to develop further products in other areas to diversify earnings and push this company into the next stage.

Analysts thus far have factored in very little for the emergence of any new products (Matrix have many in the pipeline), therefore if we see one or two big contracts secured for anyone of these products we could see significant earnings revisions for Matrix & changing the whole valuation for Matrix. A diversification in earnings will also reduce risk factor for larger investors and may see funds/investors increasing the portfolio weighting of the stock.

I for one am quite comfortable with Matrix's current business model and earnings given a share price sub $10. The big long term upside in this stock is in the developing products to make Matrix a truly diversified, worldwide force.