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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Big Bee who wrote (2215)6/4/1998 3:52:00 AM
From: Philip Tung   of 8798
 
Hi, I think their May 13th news release dealt with the issue of capacity.

From yahoo news

"Night sight orders have increased geometrically and to fill the orders the company is adding another production shift and
ordering more of the special machines, the CNC Fadal VMC-15 Vertical Machining Centers. The machined sites are far more
popular than those cast. Most of the expansion has been made possible from cash flow."

By the way, from reading their news releases, it sounds like 13 cents per share is based solely on the 166,209 figure which is only orders for the first two months of 1998.

Also would you think they have any inventory?

I don't think you can base the earnings calculations on capacity alone. .13 earnings and pe of 10 would already give you $1.30 and pe of 20 would give $2.60. A reasonable figure for the stock NOW, wouldn't you say!

pt
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