MSGI Marketing Services Group Inc. Message Board

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Technology Stocks : MSGI Marketing Services Group Inc.

MSGI 0.0001000

0.0%

Mar 3 4:00 PM EST

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To: stock_bull69 who started this subject	11/15/2000 8:38:19 AM
From: Austin S.	of 3418

MSGI will post at least .33 cents EPS next, 2nd, quarter, imho. biz.yahoo.com 2nd Fiscal Quarter Outlook The December quarter, which is traditionally our strongest as a direct result of holiday campaigns is projected to yield record-breaking results. Revenue is expected to exceed $60 million with EBITDA in excess of $8 million and net income in excess of $4 million. In addition, we are anticipating a net gain of $4.8 million relating to additional redemptions of WiredEmpire preferred stock, which will be reflected in net income available to common shareholders. The Company fully expects to remain EBITDA positive for the entire fiscal year. Where do I get .33 EPS for next Qtr.? This press release states that it expects $4 million income. This is conservative, imho, and I think the number will be more like $5 to $5.2 million. In addition, the release states it will see another net gain of $4.8 million from WiredEmpire. The total net income will be at least $10 million. So basic earnings per share will be .33 cents per share, (i.e., $10 million/30 million shares = .33 cents). Bottom line: MSGi is clearly on track to be highly profitable and is a great value play given that it trades at less than 0.5x FY2001 revenues and its peers trade at 2.1x to 3.4x revenues. MSGi should be a $10 - $15 dollar stock again by end of March 2001, imho.

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