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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (242875)7/23/2005 2:44:55 PM
From: tejek  Read Replies (1) of 1574005
 
Like I said, most of my money is in natural gas.

You know anything about TELOZ? I own a little of that one. Nice yield.


Strange one. I thought I knew every nat. gas company because at least once a month, I cull for new companies where business might be starting to turn up. The reason I didn't know this one is because its mislisted as a financial services company. Its actually a holding company for offshore LA nat. gas drilling.

What happened in April? There was a distribution of units to shareholders but I could not read the article.....it had expired. It killed the stock.......the chart is still in recovery.

There are some weird things about this company: its PM is 89%; that's great but I have never seen a nat. gas company with that high of a PM. Return on Equity is 4k??? Unheard of. Return on Assets is 114%? Wow. Revenue was 6 million last quarter. Gross Proft was 6 million??? Are there no operating expenses at all?

Balance sheet.........Cash on hand is $1.726 million; liabilities were $1.726. Coincidence?

I could go on. What do you know about this company? Is it for real. Its financials read like a company I reviewed that leased out the Cherokee clothing line name to Target Stores. They had little overhead and large revenue numbers.
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