Good morning, Brad!
I slept in a bit today, and missed being able to read the news first thing, but reading it three hours later didn't hurt a bit! <g>
I don't think I have ever seen Benjamin Shell be so enthusiastic, yea, so cocky in a press release before this one. This is a good sign, methinks!
Hmm, the points I liked:
1) Revenues in the "slow" quarter were up 60%. Also, we can anticipate 2.1¢ a share earnings from Q4 alone , if my math is correct. I am calculating an 85% margin and 6,400,000 shares OS, so I should be in the ballpark.
2) "We expect that the HeartSoft you see now will only be a shadow of what we will look like a quarter or two down the road," said Shell." <grin> That's the statement that made me sit up and cheer... two quarters? Six whole months? Argh, can I wait ALL that time?
<lol>
3) Another laugh...the Singapore distribution agreement ALONE is worth more than the Q4 was of the "old" HeartSoft. BTW, Target/IT sold $300,000 of a competitors software in Singapore in one month ALONE. I also understand that Target/IT came after HeartSoft for an agreement...does that say anything about what that agreement is really worth?
4) Ben again: "Between the addition of these resellers and the recent expansion of our internal sales team, which pursues sales on a school district-wide level, we expect that 1999 will be an outstanding year for our shareholders."
I agree, Benjamin...I agree wholeheartedly.
Oh, side note: Ask is up to 1 3/4 before the market opens, looks like the buy orders are coming in already. <g>
Cheers!
Rick Williams |
