These IGNORAMUS claim some income is from stock...
sales: this is a normal and even shrewd activity for a Company to invest surplus cash in stocks of other Companies, or even their own, for that matter.
When the securities acquired for the purpose of investment are sold, the proceed would clearly be accounted as income. What's the beef with that??
As a start up Company, ZSUN has managed 11 cents EPS in 1998! This is incredible compared to all these Internet Company that loose many Millions of Dollars without anyone lifting an eyebrow.
What's more, their brilliant decision to acquire the Seminar Company, not only provides great earnings and Cash Flow that is upscalable outside the USA, but also PROVES that ZSUN is a GENUINE COMPANY, since they must have been thoroughly investigated by their new subsidiary, prior to the acquisition.
As, I have said before, based on a PE of 100, net earnings projection of about 65 cents for 1999, a share price of between $60 and $80 would not be unreasonable by year's end, bearing in mind, of course, that this is the opinion of a biased ZSUN admirer.
Regards, F. Goelo + + +
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