There is absolutely no change to fundamentals. This is simply forced selling by funds blowing up. I`m personally trying to take advantage.
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My estimates are that the company earns $0.25 per share in cash eps (excluding amortization) in 2009. The company is cash flow positive now and is poised to have have revenue of $6 million in revenue in the September quarter and $8 million in the December quarter.
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[...] All of the losses came from getting Costco up and running, building data centers, hiring extra software consultants and from lingering losses from Pixology. That is mostly in the past.
Also note that of their income expenses, that over $1 million are non-cash amortization expense.
Friday, September 12, 2008
Edelheit's Updates on PhotoChannel
Again, from the Value Investors Club: