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Hey Incredible,

I've still got the first share I bought, and all of the ones in between, as well.

I've been averaging down. I know that's risky, but Joe Berenato, newly designated Chairperson, (he was already CEO), is still buying on the open market, at the same prices I'm buying at. Got to mean HE still thinks it's an OK investment.

Last time we spoke, around Christmas, Joe told me they are still pursuing acquisitions. Had a couple in their sights too, but were outbid for one and due diligence on the other suggested a lower offer, which the principals were unable to accept. I liked that. Says they will wait to get the best deal... Reminds me of Buffett's story about investing being a game with "no called strikes". They are waiting for their pitch: and that means immediately accretive.

They haven't changed their objective of $300 M in Revenues by 2000. I'm willing to give them more time.

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