AnalysisGSI has struggled a bit this year but it has some cash, a decent sales base, and has been profitable. It is relatively cheap but its small size limits the investor audience. There are also no analysts following the company. It had $3.8M in sales in Q2, a decline from $5.6M last year. It has a decent backlog and we don't have anything against the company other than size risk. We would of course like to see sales growth improve. Valuation is OK and insiders own 13%.
So said the team at 5iResearch late last week. GLTA