I'm also sitting on a pile of shares of PFCK that I got in early, and will hold through the year. If it drops down into the .50s again, I'll probably pick up some more to trade. I can't believe it could go lower than that, but who knows.
Anyone here following NATS? (Rande Is stock pick - brokerage house coming online soon - small O/S share, float about 700,000)
CHICAGO--(BUSINESS WIRE)--Dec. 16, 1999--Olympic Cascade Financial
Corporation (Nasdaq: NATS and CHX: OLY) reported today that for the fiscal year
ended September 24, 1999, the company had net income of $118,000, or $0.08 per
share, on revenues of $43.3 million, compared to a net loss of ($4.7 million), or a loss of
($3.12) per share, on revenues of $45.7 million for the fiscal year ended September 25,
1998. Diluted shares outstanding were 1,563,499 and 1,496,634 for the 1999 and 1998
fiscal years, respectively.
For the fourth quarter ended September 24, 1999, Olympic Cascade reported net
income of $134,000, or $0.08 per share, on revenues of $12.2 million, compared to a
net loss of ($3.7 million), or a loss of ($2.46) per share, on revenues of $8.3 million for
the fourth quarter ended September 25, 1998. Diluted shares outstanding were
1,699,632 and 1,503,097 for the 1999 and 1998 fourth quarters, respectively.
The prior fiscal year and prior quarterly results included revenues of $7.5 million and
$0.4 million, respectively, attributable to two subsidiaries that have been sold.
Steven A. Rothstein, Chairman, President and Chief Executive Officer of the company,
said, 'We are extremely pleased to report a profit for 1999. These results represent a
significant turnaround from the prior year, and are attributable to the hard work of our
employees and brokers.'
Rothstein added, 'We do not, however, plan to rest on these results. We will work to
expand our business operations and continue our efforts to further reduce overhead
costs.'
Olympic also announced that National Securities Corporation, a wholly-owned
subsidiary, now provides customers the ability to obtain account information on the
Internet. Additionally, the company expects to implement NSCdirect, its online investing
services for its customers on the Internet, in the first calendar quarter of 2000.
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