Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (1860)	8/17/1998 10:46:00 AM
From: Gator	Read Replies (2) of 119973

Joe, I never heard back from you regarding your take on RESY. Earnings due out this week. Tiny float, Nasdaq small-cap. Here's my original DD: RESY - Reconditioned Systems, Inc. Nasdaq Small-Cap. $4 1/8 - $4 5/8. Shares Outstanding: 1,473,950 Shares in Float: 500,000 PE: 8.1 1998 Revenues (year-end March 31): $9.6 million, up 35% from 1997 revenues of $7.1 million. 1998 EPS (fully diluted): $0.52 vs. $0.16 in 1997. No long term debt. Current ratio about 3.5:1. Next earnings release: Week of August 17, 1998. RESY purchases used modular office work stations (primarily Haworth furniture, which is top-of-the-line office furniture) from manufacturers, dealers, brokers and end-users; and then reconditions and markets the work stations. Very small float, moves on little volume. PE of 20 would put the stock at $11 3/8 based on trailing 12 month earnings. Forward split isn't out of the question if the stock runs to $8-$10 to increase market liquidity. Rumored to be a takeover target, Haworth has been mentioned as a candidate. No coverage on SI, only a handful of messages on Yahoo message board. Web site: resy.net Gator

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