I like the fundies
1999 1998 1999 1998
---------- ---------- ----------- -----------
(unaudited) (unaudited)
Net sales $7,943,037 $4,776,411 $14,877,848 $ 9,015,307
Cost of sales 6,082,371 3,698,902 11,562,212 6,904,841
--------- ---------- ----------- -----------
Gross profit 1,860,666 1,077,509 3,315,636 2,110,466
Selling, general and
administrative expenses 1,431,345 1,070,990 2,729,586 2,206,724
---------- ---------- ----------- -----------
Income (loss) from operations 429,321 6,519 586,050 ( 96,258)
Other income (expense), net ( 6,272) ( 610) ( 10,960) 11,271
---------- ---------- ----------- -----------
Income (loss) before income
taxes 423,049 5,909 575,090 ( 84,987)
Income tax expense 900 1,889 2,650
---------- ---------- ----------- -----------
Net income (loss) $ 423,049 $ 5,009 $ 573,201 ($ 87,637)
========== ========== ========== ===========
Income (loss) per share (Note 3)
Basic:
Net income (loss) $ .11 $ .00 $ .15 ($ .02)
========== ========== =========== ===========
Diluted:
Net income (loss) $ .11 $ .00 $ .15 ($ .02)
========== ========== =========== ===========
Weighted average number of shares
outstanding: (Note 3)
Basic 3,810,611 4,021,127 3,824,427 4,025,466
========== ========== =========== ===========
Diluted 3,810,611 4,021,127 3,824,427 4,025,466
========== ========== =========== ===========
if you take the .11 for the last qtr and project it, it give gives you a pe of .18 trailing...and with that earnings growth, it deserves alot more....on the other hand, it might be better if it were a scam, then the price might go up....sad but true....
Craig |
