Not much to read into the price action, volumes are abysmal. We should get confirmation that Searchworld revenues exceeded $1m in June followed by a strong 4Q09 quarterly cashflow statement in mid July.
I hope the company doesn't use any cash to make acquisitions, it seems they have plenty of potential for organic growth which is always preferable to acquiring growth. It will be interesting to see if they are willing to throw out a forecast for FY10 in the next few months. I will be buying more if the stock continues to trade at these levels.
WFM Price at posting:
5.9¢ Sentiment: None Disclosure: Held