And $195,000 in net income.
The one thing that worries me a little is.... Does that $195k INCLUDE
any payments from the Israel gov't for moving their operations out of
gaza strip. If this is included than OUCH.
If not and those #'s are only based on continued operations than we are
at breakeven earnings for the year.
Not a great quarter by any means on earnings side. .01 is a little
misleading as it is really about .0067 EPS they just round it up to
book value may have gone up a little bit but it is all about the
earnings. I will be waiting to see the 10Q which will probably come in
a week or two.
Hopefully they talk about future prospects though.
Otherwise will probably end up in the $14-$15 million revenue for the
year and maybe .01-.02 EPS for the year. Which on a PE ratio trading in
the .20's is fairly valued. Especially for a company whos revenue is
falling. I understand they got the book value but lack of talking with
investors doesn't get investors excited at all either.
I still would love to see a buyback especially at these levels. They
could pick up 10% of the outstanding shares and about 30% of the float
for less than $1 million. And they would still have plenty of money to
Its a trading range bound stock until....
Company talks to its investors,
or big order news comes out.