Ryan Irvine

Software manufacturer for the online gaming industry. Took a tremendous hit in 2005/2006 when US government disallowed funds to be held in the US. Its clients were primarily in Europe. Stock has done very well since the beginning of the year. Has about $0.80 per share in cash. Consider taking some profits. Valuation still looks relatively solid.

Manufacturer and seller of cornstarch. Has about $.50 per share of cash so you are paying about 5X earnings. Likes the growth in revenues over the last 3 years. Will earn about $.13 per share this year.

Software manufacturer for communication providers. Provide 3 areas including network access, entitlement control and subscriber management.

Down hole drilling company that provides tools. Main product is a mud motor that is used in horizontal and directional drilling. Has about $.15 in earnings for the first 6 months of this year. Still offers decent value.

This is on his focus Buy list. Provide connectivity solutions in the telecommunications area. Have about $.20 per share in cash. Has over 50% growth year over year in earnings. Cheap.

Has had a bit of a problem in producing steady quarter over quarter earnings. 1 to 2 years out the company has good solid potential. Good technology.

(A Top Pick April 4/08.) 2nd quarter earnings were $.61 per unit for that quarter alone. Thinks they can earn $2 per unit this year, which is well under 10X earnings. Adding more and more production facilities. Still a Buy.

Sold his holdings about a year ago mainly because of the uncertain market. Still have decent valuations. If it went back to $12/$13 he would Buy back in.

Likes long term. Took profits on half his position at about $10. Input costs have increased but have been able to pass that on so far.

A Buy in May/07 following about 4 consecutive quarters of profitability. Had earnings of about $0.02 so it was decent valuation. Followed that with 3 consecutive quarters of solid revenues and earnings growth. Had it as a Sell at about $.085 as it was getting too rich. In Q4 of 07 margins got squeezed and Q1 of 08 they had a loss.

Continues to like this company. Provides connectivity software and hardware solutions in wide area networking. Tremendous growth. Expect them to earn $.10 to $.11 this year.

Interesting company and on his monitor list. High-end seismic services to the mineral exploration and oil/gas industries. Lost money last quarter but recently announced a contract for about $15.6 million for a Saskatchewan private based potash company. This contract is worth more than its total revenues last year. When he can see guidance from management that they will break through the profit level than he would be a buyer.

Unique company. Have a “meat and potatoes” solid core business that collects liquid organic waste by vacuum and deposit it in landfills. On a pilot project to put the waste into an anaerobic digester for producing energy. Would be far less costly than paying landfill tipping rates. (Or even get paid!) Only about 4.5 million shares so liquidity can be an issue.

A contract based global diamond drilling company. About 56% is in Mexico. Between 2006 and 2007, mineral exploration companies have raised about $30 billion and expect they will now have to drill their properties. 155% increase in revenues last quarter at $4.4 million. Expect to see earnings ramp up in Q2 and into Q3.

Provides down hole drilling tools, primarily for oil/gas directional drilling. Drills are considered the most reliable in the industry. Very good Q1 with eight cents in its first quarter. Thinks it can earn $.18 to $.20 this year.