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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: PuddleGlum who wrote (3466)6/23/2003 9:04:09 AM
From: Crossy  Read Replies (1) of 37387
 
re: NasdaqNM: GORX (Innovative Companies)

Puddleglum,
these are really good numbers - the company earned $0.02 this quarter DESPITE the ramp up, legal and engineering effort to establish their generics franchise and despite the costs (such listing fees) of obtaining nationwide distribution for their "branded" nutritional product offerings...

Breaking out the 4th quarter revenues were around $3.8m and earnings at EPS $0.02. Total year, revenues of $14.7m (+64% vs. last year), earnings of $1m - EPS $0.15.

The biz model I really do like - "balanced" growth - upfront nutraceutics, later on generics as an "afterburner". Given these fundamentals, it's entirely possible that GORX will ultimately outperform Medifast (Amex: MED) down the road..

rgrds
CROSSY
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