PSB Portfolio Update October 2008

| October 21, 2008

October 2008

Hello Subscribers.  Nothing major to report right now.  A few bits of news on a couple of our current positions.  More to come in the coming weeks…

…InfoGroup (IUSA)

Early this month IUSA announced a new head of sales out of Europe. This is very positive showing the company’s pursuing their international strategy.

In other news, IUSA regained compliance with NASDAQ listing standards. Due to legal issues, the company was delayed in filing their 10-K with the SEC.
Last month we noted this legal problem was settled.

Having put this problem past them, the company’s even more attractive to new investors.

…Obagi Medical (OMPI)

OMPI announced they’ll be presenting at the Maxim Group Growth Conference in New York.  We’re not expecting anything earth-shattering here.

…Questcor (QCOR)

QCOR continues to repurchase stock, recently buying 1.8 million shares. It’s a great use for excess cash and a big positive.

Part of QCOR’s business strategy is to grow the sales of Acthar. They recently added to the management team a Vice President of Contract Manufacturing, and Vice President, Commercial Operations. They’re being brought in to identify and pursue growth opportunities.

QCOR also announced Gary Sawka would be the new CFO. We noted a change was about to take place, and see it as a net positive.

Category: PSB Portfolio Updates

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