Recently cut distributions by half but now at a point where they might be able to stabilize them. If gas prices stay at current levels, distributions should be safe. New CEO. Still some danger in that they have more debt than revenues.

Mace and security systems manufacturers. Also into carwashes and selling these off for cash going forward. Have moved into Internet marketing, which is risky if it does not go well. Trading at about 2/3 of book value. Have a substantial debt level.

Cancer therapy. Revenues have grown. Acquired a $10 million company for $30 million, which was questionable. Fairly clean balance sheet.

(A Past Top Pick Apr 20/07. Up 14.1%.) Acquired by Flextronic (FLEX-Q) for $3.89 or shares. He elected to keep the shares and Flextronic is on his Buy list.

(A Past Top Pick Apr 20/07. Down 46.4 %.) Just doubled his position in it. Board of directors was changed for the better. New CEO. Have a debt load they have to deal with this month.

(A Past Top Pick Apr 20/07. Down 72.5%.) Still comfortable holding and is on his Buy list. Acquired Legerity, which doubled the company’s size but took on about $75 million debt giving it a messy balance sheet. Still has a lot of cash. Last quarter was a blood bath. Very competitive field. Management has been accumulating stock. Big insider buying. Speculative.

Likes the acquisitions that they made of Solectron, which gives them a good size and makes him a very strong company. Has a lot of upside still.