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.

Non-Tech : GTAX - Gilman & Ciocia, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: R. Ramesh who wrote (134)	2/17/1998 8:26:00 PM
From: Carl Worth	Read Replies (1) \| Respond to of 184

R- First Call lists the estimate as a loss of .04, but I think most who follow this company were looking for a .01 loss, so in reality they are right in line with expectations. For many quarters now, they have shown solid growth in both revenues and earnings, this is another step in that direction. I originally bought this stock because of that earnings growth, and because of the complexity of the new tax laws, which I feel will lead a lot of people to seek help with their taxes and/or financial planning who have not used professional help in the past. The stock has performed even better than I expected so far, and I wouldn't be surprised to see it trade sideways for a while. Their next two quarters are their best each year, due to the tax season. Last year, I believe the quarters went: (.11) (.09) .18 .18 So far this year, we have: (.02) (.01) est. .25 .22 but I think they can beat these estimates based on their success so far this year, and on new offices that they have opened recently. I would say there's a good chance they could make .50 for this year, and .75 to .80 for next year, time will tell. Anyway, to answer your basic question, this release looks good to me, I'd be interested to hear others' opinions as well. One last thing I like to see is that shares outstanding have decreased slightly again this quarter, so there is no dilution taking place, like you often see with small companies. Carl