just confirmed, Q3 included only brod's aug & sept revenues.
and as I have stated many times before, tlc always enjoys boosting its eps by capturing extra monthly revenues of the acquired companies
but having the benefit of averaging down the number of O/S used in the eps.
knowing this fact alone, the eps number is skewed by $0.03 and should have been $0.34.
next,
all historical data used to compare growth for tlc included only the mindscape & brod data.
NONE of CW, Sofsource, and other 7 companies are added in!
REAL growth was only 7-10% may be...
tlc remains a dog, analysts hyping it all have vested interests, either have issued Reg S shares/warrants, convertible debt deals, or
merger banking. none of their reports discuss the risks or underlying numbers.
tlc has boxed itself into permanent acquision mode inorder to keep the
financials from collapsing.
every acquisition gives tlc the boost in eps by the use of write offs to lower costs and to appear "profitable" before all merger costs, to stuff the channels and to capture the revenues without using the full number of shares used in the purchase to account in the eps numbers.
these are only one time effects, and if tlc doesn't buy another company this q it is doomed next year. |
