FLYR earnings look very good. This is one of the largest travel agencies, fully reporting, not a BB stock, and a sitting duck for future run up in price.
Part of the reporting posted this morning!!
...Revenues for the fourth quarter were $47.1 million, an INCREASE of 45 PERCENT over revenues of $32.5 million in the fourth quarter of fiscal 1997.
Operating income, before a non-recurring charge taken in the fourth quarter, was $3.0 million in the fourth quarter of fiscal 1998, a 161 PERCENT INCREASE increase over operating income of $1.1 million in the fourth quarter of fiscal 1997.
Net income, before the fourth quarter non-recurring charge was $994,000 for the quarter, or $0.08 per diluted share, an INCREASE OF 108 PERCENT over net income of $480,000, or $0.04 per diluted share, for the same period last year.
These look great to me, this company is continuing to do the right thing, and when everyone wises up and drifts to those companys who are actually making money instead of promising to some day make money, this stock will soar. Until then, I feel safe with this company.
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