PACC Message Board - Msg: 1768507

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PACC

PACC 0.00

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Judy Muldawer who wrote (307)	7/15/1997 7:27:00 PM
From: David Alan Cook	of 510

Judy, My estimate for PACC's earnings was .45 pretax. PACC actually reported eps of .49 pretax from current operations: From Earnings Report: Net Income From Operations ( Pretax ): $1,900,000 Shares Outstanding: 3,866,130 $1,900,000 / 3,866,130 = .49 * PACC ( as well as all companies with a tax loss carry forward had to comply with new GAP rules effective end of June ) Requires companies with a tax loss carry forward to report earnings on a fully taxed basis even though no actual funds will be paid to the IRS ) Only difference between this report and the last several qtrs was that now PACC has to report eps on a if taxed basis. LAST 4 QTRS - Same Standard as prior qtrs Sep 96: profit of .13 versus a loss of .11 Dec 97: profit of .25 versus a loss of .11 Mar 97: profit of .35 versus a loss of .13 Jun 97: profit of .49 versus a loss of .13 * PACC did not pay taxes in prior qtrs as a result of its tax loss carry forward. * PACC also received $413,000 or .11 net of tax from discontinued operations but I did not include this in my June qtr estimate. * Believe PACC will rebound back up to new highs once this report is reviewed in greater detail. . Still believe more good news is coming. . a stock split is being considered. DC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next