ICGI. Icommerce Group.. Internet holding company Message Board

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Technology Stocks : ICGI. Icommerce Group.. Internet holding company

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To: judge who wrote ()	6/23/1999 4:45:00 PM
From: Bridge_player	Read Replies (1) of 8

Thankyou Mr.Judge for initiating a positive thread for ICGI formerly SJIG. It is noteworthy that this company was profitable last year according to a business wire released by the company on 5/6/99 and posted by spy hard on SI on that date (SGIG thread #166). Sales for year 1998 were reported at $4,692,479 and net income at $2,160,007. Weighted average shares outstanding were 4,101,702. Assuming that these numbers are correct, net income per share was $.46. Further assuming that no additional shares have been issued since 12/31/98, the PE based on a current $1.50 per share price is only 3.26 x trailing earnings. Have I missed something here ?

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