I agree! I have been watching something interesting that may have some
bearing on what we could see happen to ISGI...
I've been watching (should have bought) a penny stock called Quantum
Learning Systems QLSI. They were a Holding company with two divisions,
educational activities and real estate (sort of like ISGI). They had
been a .50-.60 stock for a long time. Recently, a Costa Rican poultry
company decided that they wanted to go public in the US. So they let
QLSI buy them out...sort of like TWT letting ISGI buy them out. Here's
the stats on QLSI and Pipisa:
Pipasa's main line of business is the production and marketing of
poultry products. Pipasa had audited net sales for the fiscal year
ended September 30, 1995 of $57,396,036US, with net earnings of
$3,272,475US, with total stockholders' equity of $40,990,824US.
> ----------------------------------------------------------------------
> Quantum Learning System
>
> 1111 S.W. 17th. Street Ticker: QLSI
> Ocala, FL 34474 Exchange: NASD
> (352) 620-0492 Sector : Services
> Industry : Schools
>
> Complete Financials: Mar 1996 Earnings Announcement: NA
> Business Summary
> Quantum Learning Systems, Inc. is engaged in two areas of business:
> Educational Activities and Real Estate. For the nine months ended
> 3/31/96, revenues increased 69% to $597K. Net loss decreased 28% to
> $73K. Results benefitted from increases in Cambridge Academy
> educational revenues. Lower loss was partially offset by increased
> educational subsidiary expenses, audit and corporate administrative
> expenses and lower investment balances.
>
> RATIOS AND STATISTICS AT A GLANCE
> (As of 08/23/96)
>
> Price $
>
> 52 Week High $ 2.56 Price/Sales (TTM) 16.37
>
> 52 Week Low $ 2.69 P/E Ratio (TTM) NM
>
> 3 Month Avg Daily Vol 0.13 Price/Book (MRQ) 3.72
> (Mil)
> 0.04 Price/Cash Flow (TTM) -25.13
> 10 Day Avg Daily Vol (Mil)
> 0.03 Return on Assets (TTM) % -19.49
>
> Beta -0.90 Return on Equity (TTM) % -20.94
>
> Indicated Annual Dividend 0.00 Current Ratio (MRQ) 4.83
> $
> 0.00 Total Debt/Equity (MRQ) 0.01
> Dividend Yield %
>
> Note:
> Mil = Millions
> MRQ = Most Recent Quarter
> TTM = Trailing Twelve Months
>
> SHARE RELATED INFORMATION SHORT INTEREST INFORMATION
> Market Cap (Mil) $ 10.95 Current Month (Mil) 0.00
>
> Shares Outstanding (Mil) 4.27 Previous Month (Mil) 0.00
>
> Float (Mil) 2.40 Short Interest Ratio (Days) NA
>
> INSTITUTIONAL & PURCHASES SALES NET PURCHASES PERCENT
> INSIDER OWNERSHIP (Mil) (Mil) (Mil) OWNED (%)
> Institutions (3 Months) 0.02 0.19 -0.17 0.47
>
> Insiders (6 Months) 0.00 0.00 0.00 43.81
>
> GROWTH RATES 1 YEAR 3 YEAR 5 YEAR
> Sales % -34.02 -46.84 -36.63
>
> EPS % NM NM NM
>
> Dividend % NM NM NM
>
> HISTORICAL QUARTERLY RESULTS
>
> REVENUE
> (Thousands of U.S. Dollars)
>
> QUARTERS 1993 1994 1995 1996
> SEP 1,283 206 140 274
>
> DEC 1,392 278 127 174
>
> MAR 1,674 201 88 149
>
> JUN 607 -6 93
> TOTAL 4,956 679 448 597
> EARNINGS PER SHARE
> (U.S. Dollars)
> QUARTERS 1993 1994 1995 1996
> SEP 0.03 0.00 -0.02 -0.01
>
> DEC -0.07 0.00 0.01 0.01
>
> MAR 0.10 0.04 -0.01 -0.01
>
> JUN 0.06 -0.16 -0.13
> TOTAL 0.12 -0.11 -0.15 -0.01
>
Now when this merger of sorts took place, QLSI went to around 2.40
before changing their ticker last week to RICA. Now they closed on
Friday at 4 3/8!
There is not nearly the large float in RICA as there is in ISGI but I
still feel like there is a strong possibity of this type of move soon,
with ISGI.
Just had a thought that I wanted to pass along. I sure hope ISGI
changes their ticker, soon! Maybe we should suggest this to Lents.
And Bob should tell his friend, Booth!
Mike Sawyer |
