Earnings were predictably even. What was blowaway was:
1. $2,700,000 in cash from operations - yes, i will be on the call tomorrow requesting a buyback now that they have the cash.
2. Wells Fargo renewed the line and added some headroom - this gives them cash for lateral growth. Organically, the business is just OK, but lateral prospects are huge.
3. This is usually a slow quarter, at 28 million per q with a little growth gets them to 125 million, which the real possibility of net income close to $1.5 million or 55 cents. That and a 15 PE puts the stock at 8.25.