PECN
Take a look at PECN.........huge news came out friday that i didn't see until this morning when i was criteria searching....i cannot believe this news
3Q rev: $5.5mil .........vs. ........3Q rev '97: $1.6mil (up 250%)
Net profits: $228,000 ....vs.........Net loss '97: $285,000
EPS for 3Q = $0.04 ($.16 per year excluding growth)...1 times earnings before even counting growth
order backlog = $3mil
float: a mere 2.2 mil
sitting on 52-low of $0.16 and just starting to move off it today
Friday's news:
Publishers Equipment Corporation Announces Third Quarter Results
DALLAS, Nov. 6 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (OTC Bulletin Board: PECN - news) today announced net income of $228,000 for the third quarter of 1998 on revenues of $5,529,000. These results compare to a net loss of $291,000 on revenues of $1,632,000 for the third quarter of 1997. Year to date the Company has net income of $285,000 on revenues of $12,023,000, which compares to a net loss of $135,000 on revenues of $7,629,000 for the first nine months of 1997.
Three Months Ended Nine Months Ended
September 30, September 30, 1998 1997 1998 1997
(Unaudited, in thousands)
Revenues $5,529 $1,632 $12,023 $7,629
Net income (loss) 228 (291) 285 (135)
Net income (loss)
per common share
(Basic and Diluted) $0.04 $(0.06) $0.05 $(0.03)
Average shares outstanding
Basic 5,220,253 5,205,719 5,220,253 5,205,719
Diluted 5,249,321 5,291,713 5,270,121 5,306,065
The Company's backlog at September 30, 1998, totaled $6 million. This amount includes an order for Saudi Arabia in excess of $3 million that remains on hold pending the implementation of a restructured payment schedule.
For additional information contact Roger R. Baier, at Publishers Equipment Corporation, 972-931-2312.
Also, book value of $.68 *trading less than 30% of book value
Outstanding shares = 5.2 mil, float = 2.2 mil
Me thinks with any buying this one will burst...should be trading over book value that is for sure.
Sorry so sloppy, just wanted to get this out asap
Boob |
