Jim,
OPMR installed 64 U-Scan in the 4th Q which exceeds the expectation of GKM's 51 (think this is right).
Now, some quick calculation.
For 1999, their total rev is $29,634,246. Divide this by the number of U-Scan system installed (288), we have an average installed price of U-Scan to be $102,896.
Now, multiply this price figure by the number in the backlog (457 minimum), we have $47MM guaranteed.
Now, if I can find their margin (which I don't remember their ever being released), I should be able to work a projected earning per share.
I bought more at $43 today.
Also, the secondary offering of 600K shares is less than I expected from the officers. This is great news as now they have communicated their intention to file to sell more shares (less than I expected anyway) in mid-March, removing the uncertainty as to the size of the insider sales.
Overall, full steam ahead. Today we got 15% spike from the $40 3/4 level. Since this is a fresh breakout and with the news release today, I think a 20% spike from $40 3/4 is a reasonable top short term. A consolidation back to $41 would be very healthy. Hopefully, we trade in the 41-50 band for a month before breaking further out. Hope I'm wrong on the short term upside ceiling though. <GG> |
