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

To: Nittany Lion who wrote (6727)	1/24/1998 5:00:00 PM
From: SE	Read Replies (1) \| Respond to of 10368

Gary, I will check this out tomorrow. Have printed it for reference. Yes, it will be before the Packers victory that I look at it. :) GO PACK GO! -Scott

To: Nittany Lion who wrote (6727)	1/25/1998 3:29:00 PM
From: SE	Read Replies (3) \| Respond to of 10368

Gary Working backward with your numbers, this is what I get: Revenues for 1998 700 VGM's Gross per machine $19,300 state average 13,510,000.00 21 Bingo halls SC 11 360,000.00 3,960,000.00 AL 4 400,000.00 1,600,000.00 TX 3 210,000.00 630,000.00 MS 3 ?? 300,000.00 900,000.00 Current Operations 20,600,000.00 52 Bingo Halls 1998 Average Gross of $300,000 for 1/2 of the year 7,800,000.00 Interest Income $13,000,0000 at 6% for 5 months as it will be used up 325,000.00 Gross 28,725,000.00 Pre Tax margin 7,181,250.00 Tax Rate 35% 2,513,437.50 After Tax Profit 4,667,812.50 Number of Shares 9.5 Million 0.491 No, I guess it doesn't jive with my number of $.65. This will require more analysis I think. However, it is important to remember that fixed costs will become less and less important as revenues grow and the percentages you gave me will change for the better as time goes on. If you change pre-tax margin from 25% to 30% you add $.10 per share in earnings. That is the difficult part about these calculations. You make an assumption that is wrong and you could be costing yourself a couple of cents in earnings. Make several mistaken assumptions and you can be off significantly. Let the arguments begin. What does anyone else come up with? GO PACK GO! -Scott