Frank,
I went back and looked at the earnings for the last two years and
found that the 4th quarter was usually higher than the other
quarters at least in revenue. Please see the following table:
1995 1996 1997
1st Q Revenue $2,002,000 $1,721,000 $3,009,000
EPS 0.04 0.01 0.10
2nd Q Revenue $3,084,000 $2,097,000 $3,334,000
EPS 0.14 0.00 0.21
3rd Q Revenue $2,689,000 $2,902,000 $3,445,000
EPS 0.15 0.14 0.22
4th Q Revenue $3,631,000 $3,631,000
EPS 0.05 0.08
Assuming that cost continues to be under good control, one can
be easily optimistic from this cycle. An EPS of .25 for the
4th quarter is attainable. If this is realized, the stock could
rally again to pass the $10 mark. |
