haha no worries, yes a bit of a pullback which i don't mind as I'm looking to top up (excuse my selfishness) but in the long term I think this company is going to be massive. People overlook the fact that IBA/ISF have already secured close to $50m in contracts already this year and you can add that to their revenue of which 70% is reoccurring. We also have taken over hatrix- this company won the health IT entrepreneurial award for 08 which excites me. The government are in desperate need to update their health IT as well as the US government which presents a great opportunity for us. At the end of the day for a company that has just paid down debt, had around $50m in contracts so far this year(most of their contracts come in the 2nd half of the year) , acquired an impressive business and has operations in 38 different countries I think this stock is seriously undervalued.In this economic climate they are doing very well.
IBA Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held