I ran the same scan, leaving out the Tax Rate, and putting in a Market Cap > 100 Mill, and got only four; CEGE CINR EDGW IDTC. 500 Mill would qualify only CEGE and IDTC.
CEGE has $23 share cash and trades at $18. No Debt and profitable. Must have had a secondary offering or raised financing recently. M Burke has mentioned CEGE in the past, but I haven't owned it recently so I don't know much about the current status.
IDTC has $33 share cash, trading at $22. Reported earnings mrq were $22. I really have to wonder if yahoo's data is messed up on this one- did they realize a $22 gain on asset sales recently? Know of the stock, but haven't followed it recently.
I don't think the TaxRate is a good qualifier. It would exclude corps that understand how to use credits or cyclicals that carry forward losses, but are now profitable.
[EDIT- IDTC]
Revenue was $276.6 million, up 4 percent sequentially. Excluding the impact of $20 million in non-recurring wholesale carrier revenue recorded in the first quarter of 2000, revenues were 8 percent higher than during the same quarter a year ago.
Net loss was $22.3 million, or 58 cents a share, as compared to a net income of $1.1 million, or 3 cents a share, in last year's first quarter. The shortfall was narrower than a net loss of $55.4 million, or $1.43 per share, in the fourth quarter of 2000. First Call did not have a consensus estimate for the company.
Including non-operating income and one-time items, net income for the quarter was $869.6 million, or $22.53 per diluted share. One-time items included $666.4 million related to the sale of Net2Phone (Nasdaq: NTOP) shares to AT&T (NYSE: T), $250.8 million related to the settlement of a lawsuit with Tycom Ltd, and a loss of $25.3 million related to the sale of Terra Networks shares.
"In these chaotic times in the telecommunications industry, IDT will prove its mettle and its ability to execute its plans,'' said CEO Howard Jonas in a release. "As our competitors are falling by the wayside, we recorded record quarterly revenues, and took great strides this quarter in our journey back to profitability.''
IDT said it has over $1.2 billion in cash and a "razor-sharp focus on profitability."
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