This coming year for MSGI... from the Yahoo board.
Based on 4th quarter and 1st quarter revenues ($18.3M and $17.2M), MSGI is on a run-rate to do over $70M in sales in FY99.
That's an increase of nearly 37% over 1998.
Looking at their revenue for the past two years:
$24,144,874 (year-ended June 30, 1997)
$51,174,063 (year-ended June 30, 1998)
$17,152,928 (first quarter-ended September 30, 1998)
Looking at their earnings for the past two years:
($5,377,096) (year-ended June 30, 1997)
($780,478) (year-ended June 30, 1998)
$90,108* (first quarter adjusted net income exclusing MFI)
* If you exclude the start-up costs associated with creating a new subsidiary, MSGI would have posted a profit in their first quarter.
Net income for the first quarter including the adverse affects of MFI was ($497,011).
MSGI management is doing an outstanding job of turning this company around and this stock is poised for major growth. Earnings for
the current quarter will be posted on February 15th.
And as I stated, MSGI management is focused on bringing MFI to profitability in its first year of operations. The strength of the other
four subsidiaries will more than offset any losses incurred by MFI. Therefore MSGI should post a profit of 0.06 on February 15th.
Good Investing!!
Double Digit |
