Lance: from latest quarterly on ITGI: shows authorized shares 100M shares)- yet PR language ("The Company's Annual meeting is scheduled for Sept. 5, 2000, at which time the above proposal will be voted upon. The aforementioned stock split is pending approval of this proposal by the Company's shareholders. If approved the number of authorized shares will be increased to 50,000,000. The company plans to effect its 4 for 1 stock split within 10 days of approval by the shareholders.")
From 10Q
STOCKHOLDERS' EQUITY:
Preferred stock, par value $0.01; shares authorized:
1,000,000; shares issued: none............................ -- --
Common stock, par value $0.01; shares authorized:
100,000,000; shares issued: 33,207,241 and 32,179,106
at March 31, 2000 and
December 31, 1999......................................... 332 322
Additional paid-in capital................................... 119,612 96,534
Retained earnings............................................ 91,631 75,727
Common stock held in treasury, at cost; shares: 2,262,721
and 2,213,721 at March 31, 2000 and December 31, 1999..... (59,815) (58,052)
Accumulated other comprehensive income (loss):
Currency translation adjustment........................... (6) (7)
Unrealized gain on securities, available-for-sale,
net of tax................................................ 1,249 1,128
------------------- ------------------
Total stockholders' equity................................... 153,003 115,652
------------------- ------------------
Total liabilities and stockholders' equity $
What am I missing (and I know difference between auth. and issued)? I agree earnings are great, and on surface, if this inconsistency is my misreading, this seems a good investment, but troubling to me as it is set out(PR). TIA
Mike |
