CARMANAH TECHNOLOGIES CORP CMHXF

RE: Carmanah Annual Financial Results

[Jeebus]

The good news is that they made it through all the Soltek integration, plant completion etc., and still made money (I know, I know, it wasn't huge). Now that all the relative pieces are in place, I think the coming year is the make or break year to see if the investments they've made will pay off in terms of turning those great revenue increases into profits. The fact that we've stayed in the 3-3.50 range for quite a while now makes me think that the market believes the worst is behind us.