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

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To: Crossy who wrote (14761)12/7/2005 6:16:31 PM
From: Patentlawmeister  Read Replies (1) of 37387
 
Crossy - the weird thing about HURC's just reported quarter is that had they paid 35% tax, their net earnings would have been .55 per share, equaling the one analysts' estimate! Operating income was $5.4M, net income was over $7M instead of in the high $3M range. Instead they used an income tax benefit whereby the net income exceeded operating income. No problem with this but now you can argue the shares at $27+ are perhaps fully valued. THis wasn't the case in the spring when the sharks took it down to the low teens during the bear trend.

I'm still holding my 50 leftover (forgotten) shares in an obscure account i bought at $2.50 just two years ago on your recommendation! The lion's share i already sold which offsets my whopping MFIC.ob paper loss this year!

In edit - most (~95%) of those $2.50 shares i sold around $2.85 a few weeks later.
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