For anyone who is interested, take a look at TGSK. It's not a very sexy industry like the internet, but this company is producing some nice numbers.
They just released earnings today: biz.yahoo.com
Sales were up 40% vs. the same quarter last year. As well, net earnings were up 40% (to $.10 a share) vs. the same quarter last year.
The company has been buying back their shares since March 17th:
biz.yahoo.com
As well, from a recent press release:
biz.yahoo.com
"Tigershark currently projects 1998 revenues of $20.7 million with
net earnings of $2.5 million, or $0.31 per share. These projections represent revenue and earnings increases compared to 1997 of 45.2%
and 46.1%, respectively. Depending on the progress of its expansion program, Tigershark may revise these projections upwards as the year unfolds."
From the same press release:
"Presently, Tigershark has 7.2 million shares outstanding, figured on a fully diluted basis, with insiders owning about 70% through restricted holding; the Company continues to expect the number of shares outstanding to increase to 8 million by year end. The float, or number of authorized free-trading shares, currently stands at 2.2 million shares."
Currently, the stock is trading at $1.02 up 7% on the day. At this price, it is currently trading at 3.3 times projected earnings. Seems undervalued to me...
Good luck,
John |
