FormerXBC Inc XEBEQ

RE:Give it a try....

[ferret_ca]

Imho I think you test $3 after q1 before you come even close to 6, I highly doubt they turn revenues around in 1Q , the other thing is even if revenue does look decent I give then a 5% chance at best of even breaking even.

they have so much work ahead of them integrating everything they've aquired and figuring out what works and what doesn't, they hadn't even figured that out before they did any of these takeovers as was shown last quarter, it'll take a lot of good execution to get out of the show me box they've painted themselves into. luckily for them they are well financed  for the medium term at least.

they really do have a chance to do something with their technology but are a long ways off from making it pay off and there is a chance they never really do, look at companies like ballard and westport and others, they have great technologies but have spent basically decades trying to make them really pay off. xbc has their work cut out for them and I'm not sure they have the right people to do the job, we shall see, If it takes another dive after next q report I'll start nibbling a bit to get back in but for me, right now it's way too early to give any credit to this mgmt team.

cheers ferret