RFIL - RF Industries Ltd. Message Board

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Microcap & Penny Stocks : RFIL - RF Industries Ltd.

RFIL 7.760

+0.8%

Oct 31 9:30 AM EDT

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To: bill hopkins who wrote (3)	1/28/1997 1:50:00 PM
From: George Burdell	of 37

Bill Balance sheet is nice. Latest quarter results came out bad, only .01 EPS, but they basically realized their accounting was screwing up their revenue recognition, so they took the whole charge in the quarter. Bottom line, they thought they were doing better in the previous quarters than they were, but they really did very well in the latest quarter, despite the .01. Overall, they made .19 for the year, whether they did the numbers right the first time or not. They did .10 in their best quarter, and I think that is doable on a consistent basis (on average) so doubling to .40 EPS for the next 4 quarters is entirely realistic. I think they could grow that easily enough. I think the accounting flaw came out in the process of getting listed on Nasdaq, so hopefully they've straightned that out and will be listed soon. Maybe that will narrow the ridiculous spread. Heightened awareness can't hurt either.

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