A couple of comments about my previous earnings summary:
TLTK's latest press release forecast $17 million revenue for the current
quarter. The same release also mentions that they have already taken
in $11.7 million for the first two months of the current quarter.
That means their $17 mill estimate is conservative . . . they would need
only $5.3 million in March to make that number. $5.3 million is almost
20% *less* than what they did in February.
Someone was asking about the PE numbers. I don't know what the EPS
figures are for Q3 and Q4 of last year are . . . does anybody have
these numbers? At any rate, they were probably either small losses or
small gains which probably have a negligible effect on the yearly EPS,
given that the latest quarters are increasing so quickly.
To summarize some of the calculations that Roger and others have been
making (just trying to get all the information in one place here Roger,
not trying to steal your thunder! :) )
$17,000,000 revenue * 11.6% profit = 1,972,000 Net Income.
Subtract $575,000 for the last payment of litigation for reported net
income of $1,397,000. Divide this by a rough guess of 9,000,000 shares
outstanding and you get about $.15 or $.16 EPS.
Add that to the previous two quarter of .06 and .07 and you've got .29.
Multiply that by a PE of, say, 30, and you've got a stock price of
$8.70.
But, remember that the $17 mill estimate is probably conservative. And
remember that the EPS figures for this quarter and last quarter include
about .07 per share charges for litigation which will no longer have to
be paid after this quarter. *AND*, remember that all the earnings I've
mentioned above only come from one switch. A second switch should now
be operational and bringing in new revenue.
This is why Roger and David see room for continued growth in the share
price.
I had bought some shares at 4 7/8 a few weeks ago without really digging
into these numbers deeply. After staying up until 3 AM last night reading
all the posts in this thread and coming up with this summary, I doubled
my position today.
Hope all of this is useful to some of the people who have joined late,
and if you see any problems in any of the numbers I've put up here, please
let us all know.
Jim |
