GTEC report Q2 results... very good

GTEC financial numbers:

Q2 Rev 26.5m, Net income 5.2m, EPS 0.02
6 months: Rev 43.2m, Net income 11.5m, EPS 0.04

Total Shares outstanding:308.4m, floating around 66m
Current Market cap $89.4m (308.4m X 0.29)

GTEC 2008 fiscal year 7/1/2007-6/30/2008
2008 estimate Rev 96m, Net income 26m, EPS 0.08

2008 PE 4 ... so GTEC reasonable price should be around $2.00 (PE 20)... I got some last month at 0.18... nice gain so far...

(all numbers are from SEC filing except 2008 estimate at the following link)

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-08-009771&Type=HTML