Thursday, July 06, 2006

LBIX recommended at 2.85 now at 5.60

Would remain a long term holder of this stock. Short term may retest 4.00. Stock does have significant earnings power when you back out stocking fees. .20-.35 cents a share with a growth rate of over 20% puts it conservatively at 4.00-7.00 a share. If you expand the growth rate and pe looking at a 13-20 stock a year down the road.