hmm, interesting stock! seemingly always profitable, though their last Q was actually a bit of a dip in profits from the previous 3. i always like low-P/E stocks. also, some interesting comments in an august filing, that seem to hint at some internal "troubles", without directly addressing what they might have been. quoting from the report:
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Challenges and Solutions
We have faced a number of significant challenges over the past few months and have recently experienced substantial turnover in our management and Board of Directors. However, we believe that the progress the Company has made in addressing these challenges and adopting enhanced corporate governance practices will help us to preserve the financial and operational integrity that the Company and our stockholders have experienced in the past. This progress is marked by the following examples:
· In keeping with our goal to end all related party transactions, we have terminated the Company's Executive Consulting Agreements pursuant to which the offices of Chief Executive Officer, Chief Financial Officer and other executive positions were provided through consulting companies.
· We have revamped our management team and have filled the positions of Chief Executive Officer and Chief Financial Officer with highly qualified individuals, as described in greater detail below.
· We have recomposed our Board of Directors to include more independent directors, as described in greater detail below, and we continue to seek qualified independent candidates.
· We have formed an audit committee, adopted its charter and appointed its chairman.
· We have adopted a comprehensive code of ethics.
· We have revisited and updated our insider trading policies.
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not sure what to make of that, sounds like some funkiness but - maybe it's nothing, dunno. glass, any thoughts?
anyway, an interesting and at least initially promising stock - good find, osubucks30. will do some more research, and put on my watch list.
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