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

To: SE who wrote (6708)	1/24/1998 9:06:00 AM
From: T.K. Allen	Read Replies (2) \| Respond to of 10368

I know your comment was fanciful, but I would gladly give up 100 of my shares to Rodney if I/we could get his contributions again. I know there are people out there who think Rodney was nothing but a tout or some kind of "hired gun". I don't care if he was. The fact is, Rodney produced data. It is up to each and every one of us to verify his, or anyone else's, information and decide whether or not to accept his, or anyone else's, interpretation of the data. I miss his input. TKA

To: SE who wrote (6708)	1/24/1998 9:36:00 AM
From: Shawn Erskine	Respond to of 10368

Scott, nice to see some numbers being crunched. Have you done any work on cash flow analysis? I may be wrong but I think the accounting is very conservative which tends to hurt earnings and keep the taxes lower. The flip side of the coin is that conservative accounting increases the cash flow and allows a company to grow faster. BTW, whether Greg or Corky ends up running BNGO, I have started to build my position in the stock. Under $5.00 it looks VERY cheap considering the cash on hand, earnings, cash flow and growth rate. Shawn

To: SE who wrote (6708)	1/24/1998 4:52:00 PM
From: Nittany Lion	Read Replies (2) \| Respond to of 10368

Scott, Alternatively, let's work backwards with your scenario. According to Fin. Brokers Relations the historical net pre-tax margin has been 30% and from First Research Financial the forward # is 26%, so let's use 25%. Since you have come up with a net profit per share after tax of .65 on 9.5 million shares, the profit /share before tax would be $1.00 (using tax rate of 35%), or $9,500,000. This amount Divided by .25 would mean total receipts for 1998 would have to be $38 million. So the question becomes would your scenario bring in $38 million? Of course, the big unknown is how S.C. will affect the 25% net pre-tax margins (could fall depending on tax etc.) At any rate the build-ups and/or acquitions must continue. As far as the money in the bank, I hope it's spent quickly - if I wanted to settle for 6% I'd "invest" in a C.D. Does this jive with your figures? Gary