Err, I guess I should have read the following excerpt from bmrq's mgmt discussion of 3Q results *before* investing (sigh):
====================
The Company's revenues from international customers accounted for approximately $7.6 million, or 70% of total net revenues, for the quarter ended September 30, 1997, compared to $7.7 million, or 73% of total net revenues, for the comparable period in 1996. During the third quarter of 1997, approximately 56% of the Company's total net revenues was derived from customers in the Asia- Pacific region. The Company's distributor in Taiwan accounted for approximately $2.7 million, or 25%, of the Company's total net revenues in the third quarter of 1997. The Company's distributor in Japan accounted for approximately $1.3 million, or 12%, of the Company's total net revenues in the third quarter of 1997. No other customer directly accounted for greater than 10% of the total net revenues in the third quarter of 1997.
======================
My average price is now 16 and change, but I have a feeling I'll be holding this one for awhile. I've ridden bmrq up 3 times for some very healthy profits over the last 1.5 years, but may have gone back to the well one time too many. (btw, don't get me wrong - I really like bmrq's business opportunities, but it's been a great trading stock for me) We'll see if they managed to keep things together and surprise this quarter, but they have a tough year-to-year comparison, and it may be impossible for them to avoid the asian slowdown. |
