Some 10Q numbers to look at...
For some of you who have not done as much research as maybe you should have...here are some numbers for you from SYCR's last 10Q...you can find these on the 10Q if you search the EDGAR database...
These are from the first quarter of fiscal year 97 ending September 30 1996 as compared to the same quarter in 1995...I want you to think about what they may be in 1997 for the same quarter (7/1/97 - 9/30/97)...if you don't think they will add up to a profit don't invest...
REVENUES:
1995 : $10,543,174 : (NOTE: 1 PRODUCT)
1996 : $127,192 : (NOTE: 0 PRODUCTS)
1997 : ??????????? : (NOTE: MINIMUM 10 PRODUCTS)
GROSS PROFIT:
1995 : $9,238,999 : (NOTE: NOTICE THE MARGINS)
1996 : $115,232 :
1997 : ?????????? :
OPERATING EXPENSES:
1995 : $2,380,161 :
1996 : $1,399,606 :
1997 : ?????????? :
OTHER INCOME (EXPENSE):
1995 : $12,757
1996 : (303,986)
1997 : ???????????
TAXES:
1995: 2,748,638 :
1996: NONE
1997: ????????? :
NET INCOME (LOSS):
1995: $4,122,957
1996: (1,588,360)
1997: ???????????
EARNINGS OR (LOSS) PER SHARE:
1995: .29
1996: (.11)
1997: ????????
Based on these figures, I estimate that on sales of $10 mil, EPS will be in the .22 to .29 range...IF, AND I SAY IF, revenues/earnings reached this point for quarter ending 9/30/97...an annualized EPS would be .88 to 1.16...multiplied by industry average P/E of 34...equals an estimated market value of 1 share of stock at about $30 to $40...thus you can see that when this stock hit $32 it was valued correctly at the time...
I AM NOT SAYING THAT REVENUES ARE GOING TO BE $10 MIL IN QUARTER ENDING 9/30/97...AND I AM NOT SAYING THEY WON'T BE...
I only put this here for everyone's information...If you are like me, it shouldn't take long to get some different scenarios running through your head...
You might want to print this out if you don't have the 10Q...it might be nice to have these numbers on a hard-copy...
Hope this helps some of you in your research...
John |
