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I think this is an excellent turnaround speculation. Here's why: The company has been poorly run for a number of years. A new CEO - formerly with IBM - took the helm a few months ago. Get this: the company has $1 per share in cash, no LT debt, and an established distribution network, yet the stock currently sells for less than $1.50 per share. That means the value as a going concern is less than $0.50 a share. Sales have been partly impacted by the slowdown in Asia, but I think they were declining before that. Although they have cash, their current ability to obtain substantial credit is questionable. I'm looking for positive news on this both on the sales and earnings front, and in the product pipeline. I would also not rule out the company becoming shark bait (takeover candidate), with the current valuation. H&Q has a substantial position, and volume for the last two days has been huge. Shall we discuss the prospects?? From the company's web site castelle.com "Castelle's mission is to provide innovative products for LAN managers to optimize their network functions such as printing and faxing over the Internet and intranets. 10 Years of Service Founded in 1987, Castelle was the original pioneer of fax servers and print servers in the industry, and today, continues to be one of the industry leaders in this arena. Today, our product line has grown to an array of high-performance, cost-effective solutions for a wide range of business use, ranging from very large corporations to small offices. Castelle's products are used by a majority of Fortune 1000 companies, as well as by over 5,000 smaller and medium-size companies worldwide. Even after 10 years, all the original investors, co-founder Don Masulis, and many long-time employees are still with the company." | ||||||||||||||
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