77c too cheap to ignore, page-12

i make the following observations:
the stock has gone from over 4 bucks to current levels
of around 77c in a short space of time resulting in a pe of less than 5 and with some mgmt leaving for unexpected reasons.

that in itself says things are alot worse than the mkt really knows

i'm amazed that given the current weather conditions and other hire equipment firms presence particularly along the east coast which would have to be impacting the bottom line that they would even consider paying a divi of 4.5c in light of where both their SP and business are at.

on the upside the int cover stands at 3 times for now!

its times like these that mgmt packages will count for most to help turn around this stocks fortunes back above $1.00

if it slips to back around 50c then you may as well start counting the days for the takeover offers to come

i'm happy to watch from the side lines whilst others catch the falling knife in the hope of getting a bounce in the SP

good luck you might need it !