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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: TerriB who wrote (4713)	9/1/1999 11:25:00 AM
From: Kelly Igou	Read Replies (1) \| Respond to of 4767

With credit/reference to "stockprof" (who claims to be an ex-equity analyst on small caps) on Raging Bull ETPI thread, the following is cut/pasted from his post: "I spoke with co and reviewed all the SEC filings. One strange thing: when the co changed from Dec to Sep FY, whoever prepared the filings decided to show yyear-over-year comparisons BY QUARTER, NOT BY PERIOD! For example, showed Jun 99 results vs Sep 98! Just because they were both third Qs! This is crazy...much of ETPIs business is seasonal so correct YOYs are critical. In fact, it turns out revenues were +25% YOY, more than reported and net income soared 370%!! Even though cost of goods rose, they kept g&a well under control with virtually no $$ growth YOY! Now w/21 100+degree days in Texas Jul-Aug, Ill be very surprised if Heros didn't do well, so between that and NiteLife, maybe they'll come close to breakeven for the year. Looking for $8.5-$9 next (ends 9/00) and $10-12 after. EPS? Maybe $0.03-$0.05 FY 00, $0.10-$0.12 FY 01. Alot will depend on financing...they need to raise some $$$, probably through stock (I'm figuring maybe 3-4MM shares sometime). By the way, don't underestimate the significance of that NiteLife announcement about the three contracts..that only averages out to about $1500 per week per base, but because these are apparently second sites on existing ETPI bases, the leverage and potential could be great...imagine just another 8-10 announce over the next year...Well, bottom line I think the rev and earnings growth and asset values can support $1.50 or more without any further announcements and if they earn anything like what I mentioned above, you've got yourself a $3-4 stock 12-16 mos out. Not too shabby, huh? "