Thanks for your comments, bruin.
A couple of points:
Yes, I do speculate on the market. I try to back my speculations with reasonable assumptions that I have made from trading over the last twenty-five years. The types of stocks that I like are small to micro-caps, underfollowed, at times, somewhat controversial. There is a higher risk/reward ratio with these companies that I am willing to accept.
As much as you have correctly pointed out CKSW's checkered past, the reason I emphasized Q to Q comparisons is because the company showed great progress with first quarter results.
"For the first quarter ended March 31, 2006, total revenues were $6.5 million, with a net loss of $161,000, or $0.01 per share. This compares with revenues of $6.0 million and a net loss of $639,000, or $0.02 per share, for the same period last year, and revenues of $5.9 million and a net loss of $740,000, or $0.03 per share, for the fourth quarter of 2005. Excluding the effects of share-based compensation expenses related to the adoption of SFAS-123R, net loss this quarter was $64,000, or $0.00 cents per share."
Since SFAS-123R is a non-cash expense, the company basically broke even with a loss of $64,000 or 0.00 cents a share, a great improvement with the reported Y to Y and Q to Q comparisons. Since it was reported in the CC that their EON win was not part of their current backlog, I am "speculating" that their quarterly results for 06 will steadily improve.
I do agree with your comments that they must improve their turnover level.
Thanks for your analysis and good luck with your investments. |
