Edeleheit Updates Again on PhotoChannel

As Albert noted in the previous post's comment thread, Edelheit offered an update on PhotoChannel (OTCBB: PNWIF.OB). PhotoChannel's stock has gotten hammered recently (along with most other stocks, of course), but Edelheit is still bullish on the company's fundamentals. From the Value Investors Club:

They actually just presented at the Merriman conference and had a lot of positive things to say including:

1)They have launched Kodak China and Kmart Australia

2)They are working on a Facebook photo application

3)They haven`t seen any slowdown in orders

4)There is an opportunity to get Kodak India, which has 14,000 locations

Clearly there is a large seller out there and it is pressuring the stock, but in my opinion this has nothing to do with fundamentals.

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there are many small caps and many Canadian small caps that are getting decimated. Photochannel is not alone.

Consider this. I estimate that on an EBITDA basis, PNWIF will earn $0.10 per share in the December quarter alone.