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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (6706)	1/24/1998 8:55:00 AM
From: SE	Read Replies (3) \| Respond to of 10368

You want numbers, ok, here goes: 21 bingo halls, average profit per hall $150,000, say $125,000 700 VGM's, average profit per VGM $6,000. This is from memory so correct me if I am wrong. (which of course you would do anyway <<GG>>) That equates to profits of $2.625 Million on the bingo halls and $4.2 million on the VGM's. If nothing else is added this year that is $6.825 million in earnings or $.72 per share before tax and $.47 per share after 35% in taxes. Add 52 bingo halls this year. 52 times $100,000 (conservative as we don't have a history) is another $5.2 million. Cut it in half because we will be adding all year and may not have income from them for the entire year and you get another $2.6 million or $.27 cents per share before tax and $.18 per share after tax. Add ???? in VGM's this year. What will that add? I have no idea as I have no VGM projections to go off of. Maybe we will fill in this blank at the conference call. The additional bingo halls equals an after tax earnings for the year of $.65. I will let you assign your own PE to this number. I like 20 as a nice round number. Hmmm....a $12 stock selling for less than $5. Is this a deal or not? Up to management. And to think, you guys thought I took my eye off the numbers. Not so. <<gg>> GO PACK GO! -Scott PS - Now this is the growth that Rodney was talking about. Maybe we each should give up 10 shares a piece and send them to Rodney and he can rejoin the fold! What do you say Rodney? Sounds like a good deal to me! :)