There's an old joke about a "sweet young thing" that just got married for the 4th time. On their wedding night, her new husband is about to "make his move", when she tells him..."Please be gentle...it's my first time !!!" When he inquires how this is possible, knowing this is her 4th marriage, she tells him...
"Well...my first husband ran away with with my bride's maid right after the wedding....and my second husband -- he ran away with the best man...and my 3rd husband, well... he was a salesman..."
"A salesman?"...inquired her new groom..."What's that got to do with things?"
And she said..."All he ever did was sit on the end of the bed...and tell me how great it was going to be !!!"
I guess I'm not much of a visionary, because I'm starting to view IAIC to be much like the new husband...I keep hearing people talk about this great new product...but I don't see any results. Checking back, this company has an average EPS of less than a 1/2 cent a share. To justify the current market cap of around a 150 million -- one of two things must happen...
1. The company must throw off somewhere in the vicinity of $150,000,000 in profits (and dividends) before the year 2000, or...
2. Emerge on the other side of the year 2000 with about $8,000,000
a year in sustainable profits. That would give them a PE of around 20. (Or perhaps a combination the two.)
Is this what stockholders are banking on?...or is there a 3rd possibility that is escaping me? I've done some looking...and I can't find any earnings projcetions by any analyst, brokerage house, or IAIC itself...all I seem to find in the "news" are company PR releases.
Matt, help me out here...you seem to be the fella that's "in the know" on this company. When should we start seeing some profits from this outfit? From my admittedly simple perspective, it's only got about 10 quarters left to start throwing off an average of about $15,000,000 a quarter in profits. When should we start to worry that this ain't happening?...I'm getting a little nervous.
thanks...."the dodger" |
