Well, denial is a fact of life on this board. If anyone doubts Ira talked to Andrew yesterday -- there's the phone, call him.
Andrew's conversation with Ira is perfectly consistent with the other deceptions and truth-bending that he has delivered in the past. This is at least the second time financial estimates have been downgraded, and the audit isn't even out yet.
I'll be ahead of the pack again, and blow my newfound popularity at the expense of rational inquiry. I still believe Ira is using the gross profit figures as net profit. It makes sense, since the gross profit margins, 30 percent, that he gave on the CC are the same as the so-called "earnings" of .11 per share (earnings divided by 23 million shares). In addition to taxes, it seems that operating expenses have yet to be deducted from the .11 figure. That would send the .06 -.07 estimate lower.
If anyone is willing to ask the tough questions to Ira, the real numbers might well turn up. I haven't seen Brad doubt a thing Ira has said yet, or ask him a tough question, either.
I'm with Lurker. I want to see solid numbers first, then invest. Not send my money off on a wing and a prayer, and wait for the audit to come out someday. |
