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Con-Space Communications (CCB) AGM report

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By bubba

Posted: Wednesday Nov 30 8:37:28PM 2005

excellent growth story; the stock gets no respect with the market only giving it a p/e of 10

By Lee

Posted: Saturday Nov 12 11:55:38PM 2005

Last Thursday (Nov 10th) I attended the CCB AGM. Of course, all the reports were optimistic. From all of the ever taller lines on the bar graphs and the general comportment of management, there seems to be substance behind the optimism. They forecast that the 2006 numbers will reflect similar growth. During the last year, they reorganized management and expanded into the adjacent unit to double the floor space to accomodate the growth. They used the meeting as a venue to launch a new product. It is like an intercom that a rescuer or medic can use if he is wearing a gas mask or hazmat suit, so that he can communicate with victims in an area that has been exposed to a toxic material. During the demonstration, it was clear that when someone is talking with a quality gas mask on, one can barely hear, never mind understand, what he is saying. This product addresses the problem. They are also looking for a company in a similar or complementary field to buy but, as of yet, do not have any promising candidates. (I guess the extra cash that they have been generating lately is burning a hole in their pockets.)

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