Gene, you're on!
Funny you should bring up something like this because I was just working on it.
I've been doing a LOT of number crunching and let's just say that I'm being...uh...conservative. Not pessimistic mind you, just conservative.
(Let me also say that I did free up some money and I doubled my ALAN position today on the dip...so I no longer have any stake in ALAN's price staying low :-) )
I had my biggest problem trying to figure out what the ratio of "service and cost of goods" to revenues would be. I noticed that it dropped significantly from 53.9% for Q1 to 40% for Q2. Trying to come up with a really rough estimate of what the "S+CG" for Fry Guy's portion of the revenue, I came up with an incredibly low number of 10.5% If it's true, that's great!
That being said, I'm coming up with 3Q revenues of $2,263,000 and earnings of $209,244 or $0.006 per share. (Dropping the "S+CG" to 32.4%)
Projecting the 4thQ, I'm currently predicting revenues of $3,188,000 and earnings of $1,037,139 or $0.031 per share ("S+CG" @ 26%)
Looking into the crystal ball, I see Salubre revs surpassing Wal-Mart revs in 1Q'98. Over 3000 Salumbre installations by the end of calendar year '97. And maybe...just maybe...earnings of $1.00 per share for YE'June99.
As always, your mileage may vary. |
