Saturday, July 19, 2008

Update on PhotoChannel

When PhotoChannel (PNWIF.OB) dipped below $3.25 per share last Tuesday, "issambres839" made the following comment:

I just wanted to post a note that nothing has changed fundamentally with this stock. I`m looking forward to earnings being released in August and the company having its first conference call ever.

I also think they will give guidance for the first time as well. I think this is a ridiculous price and clearly represents someone who is being forced to sell their stock.

I think the company will earn $0.30 to $0.40 next year (without Wal-mart, which they may win) and its a steal here.

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