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Motley Fool Hidden Gems / HGS: CNS


Subject:  Re: CNS 3Q results Date:  1/26/2006  9:13 AM
Author:  MArgersinger Number:  663 of 766

Hi Judge,

Well, can't say I was thrilled with the 3q results, but what did brighten my mood is the fact that they were able to generate about $3.3 million in cash from operations in the quarter. It's difficult to see that from the press release, but if you take the fact that they generated $9.6 million from operations "through" the first nine months of the fiscal year, then you get $3.3 million from subtracting what they made in 1q and 2q. I also like how their hefty cash position remained steady after about $3 million in share buybacks and the purchase of the FiberChoice patents.

Another positive, their international sales picked up nicely. Hopefully, they can keep growing their market share outside of the U.S.

All in all, an average to good quarter. They just need to be smart about how they use their capital going forward.

Matthew Argersinger

Argersinger Investment Group, LP
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