Thrustmaster (NASDAQ:TMSR) Message Board

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Technology Stocks : Thrustmaster (NASDAQ:TMSR)

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To: Paul W who wrote (1158)	1/28/1998 8:33:00 PM
From: esecurities(tm)	Read Replies (1) of 2443

More comments. Working capital as of 31 December 1997 was appx. $17.2 million. Current ratio ~ 3.3. PSR ~ 1.3 ROE ~ 16.6%...and TMSR/Aanderud's comments "...Revenues for the year ended December 31, 1997 rose 48% to $45.5 million, an increase of $14.7 million over revenues of $30.8 million in 1996. Net income climbed 42% to $3.2 million, or $0.69 per share compared to $2.3 million, or $0.51 per share for 1996...''Our aggressive sales efforts resulted in retailers carrying a broad mix of ThrustMaster products. Sales were fueled by the outstanding success of our new NASCAR PRO racing wheel and other new products. Our R&D efforts have expanded substantially in preparation for our innovative product introductions for 1998. We have positioned the company for continued strong revenue growth in 1998..." These are exceptionally strong numbers. Accordingly, the question/concern remains, what's the deal with TMSRs banking relationship viz a viz the [apparent] urgency to immediately pay down TMSRs entire bank line?! This, MotorSport GT, TMSR website status, etc. will have to come out (elucidated by management) very shortly, in our opinion...

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