Well, Mark, I guess the reason you can't agree with M. Greene's
growth for WIND for the three years you cite is that you don't
realize that WIND has split TWICE. The first split was in May '96,
prior to the secondary offering. The split was 3:2 and accounts for
the increase in outstanding shares from ~10M to ~15M. How on earth do
you expect anyone to take your posts seriously, when you don't know
basic facts about the company? Here you are arguing with people about
earnings growth and share dilution, and you don't even know how many
times the stock split, or when!
Here are the FACTS from WIND's 1996 Annual Report:
Year Ending January 31,
1996 1995 1994 1993 1992
Revenues $44M $32.1M $27.3M $25M $17M
Earnings
per share $0.52 $0.26 $0.04 $0.25 $0.17
Wt. avg.
common
shares 10.3M 9.5M 8.9M 7M 6.4M
As I said, the outstanding shares did not increase to ~15M until May
of 1996, or the 1997 fiscal year, prior to the secondary offering
which occurred in July of 1996 and increased the outstanding shares to
~18.5M shares. The 3:2 split that took effect in early March of this
year brought us up to the ~28M shares currently outstanding. We are
now in WIND's 1998 fiscal year, BTW.
Here's the data through fiscal 1997, with earnings and outstanding
shares adjusted for both splits and the secondary, as per WIND's 1997
annual report:
Year Ending January 31,
1997 1996 1995 1994 1993
Revenues $64M $44M $32.1M $27.3M $25M
Earnings
per share $0.41 $0.23 $0.11 $0.02 $0.11
Wt. avg.
common
shares 26.2M 23.2M 21.5M 20M 15.7M
Mark, when doesn't your repeated incompetence become an embarrassment
to you? Most people would have given up long ago, but you continue
to flaunt your ignorance and attempt to pass yourself off as some
kind of expert! You demonstrate, once again, that you lack basic
information about the topics that you so readily expound upon. If
you're going to talk about growth rates and share dilution, could you
at least use the right numbers and facts, instead of making them up!
-Dave Lehenky |
