3-12-08 transcript 4 stars Nymph's Take: Historically these stores did good during Recessions, better same store sales..also, Walmart is starting to drop Fabric in some of their stores. CEO D. Webb- Year ago was going to improve...they invested in people and tight control of expenses and inventory. Same Store Sales up 3.3% this qtr...it's working. Fabric and Sewing biz up, Website made margins flat...if not included up 50 basis points..btw website 2% of sales. This year 12-15 new stores and 25-30 remodels. Steady performance of sewing and craft in PREVIOUS RECESSIONS looking at 1991 and 2001. 1.10 v 1.05 eps, Net earnings 15.4M v -1.9M yoy. Total sales dropped 2.5 % but that was because last year had an extra week. If 13 wk..then up 3.3%. Decreasing Debt. Walmart is stopping fabric sales in some of their stores..may decrease more. BIG THING!!! THEY NORMALLY DON'T TALK ABOUT THE CURRENT QTR....BUT due to the economy...wanted to let people know comps are positive!!! Half stores are large format and 1/2 stores small format. They had less mark downs and JUNE 30th a Hand Made Prom Dress contest...btw Hancock fabric had to many Christmas Items which hurt them.

3-24-08 transcript 2 stars now, 4 1/2 in 3rd qtr. Nymph's Take: Company says no economic slow down...but it is seasonal and only gets good in third qtr. CEO Ballard- Update Call Transcript..the company just bought Superscape..this is a Mobile Games Provider. World-Class studio in Moscow, 2 publishing organization..paid 36M in cash, 9M on balance sheets of new company. 12M of revenue forecast to be added. Q3 increases large and then modest Q4 increase. WE"RE NOT currently seeing the sort of economic slowdown that people are talking about...people are still downloading. Working with Apple I phone (won't tell)...15 20% growth of USA market..China call of duty rolling out movies 3-D. Major competition Gameloft and EA.

need to get my notes.

4-1-08 transcript, this qt 2 stars..next qtr 5 stars. Nymphs Take: THIS is the slow season for them, next time they report will be better..ALSO look at CHEM plays like HOLDEN a lot of biz due to weak dollar. CEO Hawk-3rd qtr, Revenues up 48% yoy, 2 acquisitions and 29% organic growth. Net income 2.9M v 2.4M yoy 20% up. This is a INDUSTRIAL SERVICE BUSINESS..maintain piping and process systems and inspection. PIPE GUYS. Two divisions, 1. TMS leak repairs, tech bolting, etc, 2. TCM field heat treating and inspect. TCM revenues up 53% yoy. FLAT MARGINS..WHY? 1. Acquired biz 2. Weak seasonal demand (always that way). Debt 12M, Cash 88M missed estimates (Co won't give guidance) 4th QTR is THEIR BEST and keeping guidance in fact..SO FAR THIS QTR HIGHEST in CO history (Canada and Europe) refining pipeline sector strong..SECTOR 10% higher due to Large Cap X projects (Golf Coast and w. Cananda) RECESSION HAS NO EFFECT. 200 competitors. Refining has lower crack spreads BUT TEAMS BIZ is strong. ALSO CHEM ARE VERY STRONG due to weak dollar.

3-13-08 transcript, UPOD 2,3,4 putting on weight. Nymph's Take: UPOD with this company doing a lot better this year. CEO McDevitt-Revenues up 29% yoy, Direct marketing sales channel accounted for 525 REVENues. Take Shape for LIFE 38%. SG and A up for ads. DIETS, CELEBS losing wt., Keeping customers is companies focus in "Retouch" program. Jan starts the Diet Season. More Weight Control Centers (doubled) frachises. Not recession proof but very stron like Avon "TAKE SHAPE FOR LIFE" benes from unemployment. Food is $8 a day. COMPANY CAN BE UPOD with growth possibly 30-35%..actually has better numbers then Weight Watchers or Herbalife.

4-11-08 transcript 4 stars Nymph's Take: Bear Sterns really messed them up. CEO Immelt- Financial Services caused the miss. Global Growth is strong up 22%. USA slowing economy, Infrastructure remains strong GE money and commercial finances down 20% Problems 1 Mark to Market, 2 Healthcare 3 Appliances. March was extraordinary disruption in our ablity to complete asset sales and current marks in impairment and they didnt see it coming. 36 gas turbines were sold v 28 yoy..Thermal Orders were up 125% Wind 40%. Infrastructure up 15%, Backlog up 48% yoy. Nuclear service down 29%. Health care..MR up 8%, DI down 13 v DRA. USA bad, ROW good. Massive write offs will need $$ to cover. Deleveraging slowing global comm activity. Global Commercial real estate sales down 60%..leverage loan market down. This is not a GLOOM AND DOOM story..1.CDS sway ok 2 Demand for GE comm paper ok. NOT A CREDIT STORY...Credit solid. Three Bad Neg 1. Public equities 2 warehouse marks 3 equity tranche. Biggest 40M hong kong wind co fell through. Real Estate Earnings down 16%. Still DIVIDENTS and BUY BACKS, For 2nd qtr they see Global Infrastruture going strong 2 USA energy play strong 3 Real Estate some carryover. GE Money down 20% challenges flat. Real Estate hurt them. Run Rates..REASON for the miss 500M the inablity to do transactions in the last 2 weeks in march. Leverage loan market marks index up .90 little comeback. ECONOMY IS GOING TO BE VERY TOUGH and WILL REMAIN TOUGH. US ECONOMY STAYING VERY TOUGH..getting worst. UK deliquencies a problem.

4-14-08 Transcript 4 boring stars Nymph's Take: Boring but works. IR L Brown-This is a wholesale electronics company. You can look at their catologe on line. Sales up 7% yoy,64 selling days. Net earnings up 12%. EPS 1.43 up 22%. Share repurchases 2.6M for 196M. Canada v $ rose dramatically and helped sales. Govt, light manuf, comm up single digit..Retail neg qtr. Mexico sales up 17%, Canada up 25%. Oil Sands, mining up. New stuff in the catalog. They are moving into China. HIGHER BAD DEBT... bringing collection agency. Cash flow light seasonal 1st qtr. Raised guidance from 5.80 to 6.10. Getting loan to pay off debt...no Q and A.

4-14-08 Transcript 5 stars. Nymph's Take: Find a expert biz CEO Gualke-Stron financial results, net income 7.2%, eps .40 Strong performance in electrical and semiconductor, medical devices, battery and surveliance systems for War good. Govt contracts for 5 yrs.. CEO says the WIND IS BEHIND us...NOT IN THE FACE. Looks like about 613 experts...was originally called the Failure Group.