I only have one concern, at this point with modt. Debt. If they seek growth, in the future, by incurring debt we could have problems. Its the natural way of small companies to want growth, I hope they maintain low debt even if it slows growth. In my opinion that would be in the shareholders best interest.
Here is MODT's management comments in the Aug. 14th SEC filing regarding the June 30th financial statements. There is not any debt and the have plenty of cash and borrowing ability when the need arises.
"LIQUIDITY AND CAPITAL RESOURCES
To date, the Company has generated cash to meet its needs from operations, bank borrowings and public offerings. At June 30, 1998, the Company had $25,426,000 in cash. During the six months ended June 30, 1998, the Company provided cash in it's operating activities.
The Company has a revolving loan commitment that will expire September 1998. The Company is entitled to borrow, from time to time up to $20,000,000 with actual borrowings limited to specified percentages of eligible accounts receivables, equipment and inventories. On June 30, 1998, no amounts were outstanding under this loan. "
If as you say you worry only about debt, I would think you have nothing to worry about.