Intl. Absorbents (IABS, formerly IABSF) Message Board

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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF)

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To: Michael Carey who wrote (4)	10/12/1996 3:44:00 AM
From: arizona_ice_tea	of 206

Turnaround is just around the corner! IABSF's reveneues did growth at an average rate of 30% in the last four quarters. Even though the last quarter was with growth of 1% a disappointment! I think the reason was, that during this period the were in talks to acquire an other company, which did not happen at the end. The problem they have are the earnings. FY95 (0.17) loss FY96 (0.03) loss (just 4th quarter = 0.03 loss) Last 4 quarters (0.04) loss The trasportations cost are too high and the margins are too low. IABSF produces the products on the West coast and the big customers are on the East coast. IABSF is going to establish two to three plants on the East side very soon. As a result the margins will increase about 45% and so the earnings. Good luck everybody Michael

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