Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (30428)	3/6/2008 1:47:26 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 217619

By my calcs they should blow away EPS for Q4 due to their currency contracts, possibly to the extent of doubling projected Q4 EPS and beating full year EPS by almost 50%. I know this sounds rather optimistic but those are the #'s I come up with based on their last 10Q, though I can't get anyone to check my math. We shall see... As of September 30, 2007, $184.0 million of the contracts were outstanding and $59.0 million worth of contracts had been settled. The settled contracts resulted in a gain of $2.1 million and the open contracts resulted in a gain of $3.3 million for the nine month period ended September 30, 2007. The total amount recorded as other income due to forward contracts is $5.4 million. In addition, the open contracts are recorded as an asset on the balance sheet of $3.3 million. The average exchange rate of both the settled and open contracts is approximately 46 Philippine pesos for each U.S. dollar. Based on the value of open contracts as of September 30, 2007 and the associated forward rates, a 1% change in the value of the Philippine peso compared to the U.S. dollar could impact other income/expense by up to approximately $2 million.