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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Kirwin who wrote (206)3/6/1998 9:25:00 AM
From: csm  Read Replies (1) | Respond to of 601
 
Tom,

I am impressed with the cash flow. I find this to be more important than stated earnings in the long run. Lots of companies report nice earnings but spend so much on capital expenditures that they don't generate much cash. TASA seems to be in the reverse situation; they are not generating earnings because of non-cash expenses. Almost $1M increase in cash position in a slow quarter is equivalent to $0.20 per share (if I recall outstanding shares around 5M) which is outstanding with the shares prices around $0.75.

I'm not selling, but there are ample tips in the press release that would make me take a good look at trying to trade out in next Q4 and get back in later.

Stuart.