OCCF: Optical Cable Corp Message Board

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Technology Stocks : OCCF: Optical Cable Corp

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To: White Shoes who wrote (325)	1/7/1997 2:53:00 PM
From: redbird	of 545

Ken, I believe you are comparing taxed 96 profit to non-taxed 95 profit. OCCF's costs as a percent of sales have remained relitively constant. Assuming OCCF's future tax percentages also stay aproximately the same, their 47% pre tax profit growth converts to a 47% net profit growth. As for Hillbillies, I was brought up in Tennessee and know quite a few Hillbillies who retired quite well. And I don't mean off of Corn Mash profits. The following is from the September 6th 10-Q on Edgar: Income Taxes Through March 31, 1996, the Company was not subject to federal and state income taxes since it had elected to be taxed as an S Corporation. In connection with the closing of the Company's initial public offering, the Company terminated its status as an S Corporation effective March 31, 1996 and became subject to federal and state income taxes. Accordingly, the statements of income include income taxes from April 1, 1996 and for informational purposes, the statement of income for the nine months ended July 31, 1996 includes a pro forma adjustment for income taxes which would have been recorded if the Company had been subject to income taxes for the entire period presented. Redbird Come and Listen to a story 'bout a man named Jed...

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