While we are awaiting the 3rd qtr, MAR98, earnings report, I fiddled around with some figures and came out with a rough estimate of what I'm expecting the numbers could be.
Last year, MAR97, they did $6.6 million. This year I am figuring about $7.8 million from Pacer and about $4.3 from Cook Bates, or $12.1 million.
I'm figuring their operating income at about $700,000 and their Net Income at about $390,000; excluding special charges, due to the Cook Bates merger. This would be around a 11% increase, in net income, over last year.
With special charges, they could show a loss this quarter.
I, also, didn't factor in any of the Cook Bates revenues towards operating income or net profits, since management said that earnings wouldn't be accretive.
I used rough percentages, based on past performance, and figured an increase in revenues due to domestic growth initiatives and continued foreign growth.
So:
Revenues: $12.1 million
* Oper Inc: $700,000
* Net Inc: $390,000
(* without special merger costs)
Anyone want to attack these numbers?
I feel that these numbers, while not great, might be enough to maintain PTCH's current price, while anything above the numbers would have a positive effect.
Feel free to offer your own numbers or theories.
Regards, Bob
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