GREY:ZEDIF - Post by User
Comment by
Flowgoon Feb 23, 2007 8:09pm
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RE: Conference Call & MD&A
RE: Conference Call & MD&AHi maclark,
Excellent points. Once we wade into the financials, it becomes more transparent as to what the bottom line represents. The earnings and cash flow has increased considerably from 2005, and I believe 2007 will be another healthy year for the company.
There are large changes that have already been made, and Matt's influence and leadership is coming to task. I don't mind sharing this, as I believe it to be true. Zedi is at a turning point in its development, and the product lines have diversified nicely. I like the fact that management is reporting on the revenues created by Smart Alek vs other product lines. The large Petronet deals should also bear decent fruit this year, as the company does not charge for services until the wells are brought on line. This is my understanding anyway.
It appears that some weaker hands folded over the past two days, but more importantly, Versant and First Energy were buying decent sized blocks of shares today. Perhaps Versant liked the fact that revenues came in ahead of their expectations. I look forward to upcoming revisions on the analyst reports.
I will post the house positions after this.
Enjoy the weekend,
Flow