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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: B. Ramsey who wrote (114)5/7/1997 10:16:00 AM
From: Timothy R. West   of 402
 
Brad,

Thanks for your post. 1Q sales are 1.7 million annualized are 6.8 million. Divide by 34 million shares to arrive at 20 cents per share or 5 times revenues.

To buy 5 times sales, we need to see 50% margins or 50% growth in sales or earnings.

Granted, things don't look too bleak, but they are disappointing. ALAN shouldn't take out their lows...

Tim West
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