ARI announced Q1 FY 2008 results (quarter ended 10/31/2007) this morning. Surprise! They were good. Sales increased 21% and they made $.04 per share in earnings (untaxed). Their net cash position improved, margins held at 82% and our valuation went up to $5.71 from $5.49 (4%). Not bad. This is a great buy–but nobody has cared so far. Maybe management will make an effort now with some positive results to tout.

BUY.