Jack, unfortunately it appears that when LPAC told investors
who called that 1st Q's performance would be "similar" to the
previous 4th Q, they were referring to revenues, and not earnings.
Although 1st Q earnings were quite an improvement over 1st Q '97, I think that investors are most likely concerned about the next 2 Qs.
Note the statement in the 2nd paragraph of the earnings announcement:
"During the second quarter, the Company will experience a decline in
revenues due to the seasonal nature of television production."
The question is, does this mean that they will report a loss for the 2nd (& 3rd) quarter, as in the past?
Here's the link:
go2net.newsalert.com
Like many other companies whose business is very cyclical, this is a good trading stock. FWIW, I sold my shares yesterday, after reading the 10K on EDGAR, before the press release. I like LPAC, and will probably buy it back sometime before the fall. LPAC's business is, for several reasons, definitely improving.
JL |
