SMID - Smith-Midland Corporation Message Board

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Microcap & Penny Stocks : SMID - Smith-Midland Corporation

SMID 35.88

+1.8%

Dec 29 3:59 PM EST

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From: ghmm	8/12/2005 11:55:18 AM
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Its good to see some posters on this board! I agree with the PR being a little unclear. It seems to me that Q2 and Q3 should be the highest revenue quarters and if the backlog is at 10 million then we should be in store for some nice revenue in the next few quarters (at least!!) unless Q1 revenue includes a huge amount of work in progress. Keep in mind that the PR alluded to much stronger pricing power. If you take a look back to 2002 Q1 the company had only about 200K lower revenue and lost .05. Q1 '05 with 200K more revenue they make .19, a .24 difference! In Q2 of '02 the company Had 5.8 million in revenue and diluted eps of .09. My point is margins appear to be significantly improved! BTW, the best revenue quarter was Q3 '01 with 8.5 million in revenue and eps of .36. Now if we keep in mind that backlog was never as high as it is now and margins are better, I think this stock still has a lot of room for upside. The company was in the bidding for a third plant last year. I think they are well aware of the growth potential ahead of them. lighnin, Thanks for the info on earnings 8/15. I was curious when they would release them. I guess with the price/volume the last couple days people are awaiting the results before further action.

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