To: BuzzVA who wrote (7520 ) 6/8/1998 11:28:00 PM From: NASDBULL Read Replies (2) | Respond to of 10903
The numbers come from the conference call. Paul Mighton was asked for the projections for year end and fiscal 1999 by a individual investor! Paul basically said, "no you can't have them, they are not done!!" Paraphrased of course, but you get the point. Then a guy from "Smith Barney" asked the same question about 15 minutes later and Paul Mighton got all nervous and said, "well, ahh this year we are expected to end at $3,000,000 and for 1999 we are projecting $12,000,000 in revenue." How's that for treating your individual investors with respect!!! That pisses me off and has really turned me off for the time being. I mean I can say I'm a poor private investor and Paul will turn his back on me, but when a big shot comes along and asks the same question he treats him like a god!! I suggest Chairman and CEO Paul Mighton realize that "we" are just as important as "them" and we are the ones that will help preserve the image of the company. I think we've tried hard to get the word out. The stockholders are the best PR people. I'm done venting!! Hopefully my point will get across. NASDBULL P.S. I remember hearing from Stan Samole that TPI was estimating a 20% margin. On 12,000,000 that is 2.4 million in earnings(optimist). That's about .15/share earnings for 1999. Current price of 1.70/.15 = a PE of 11. I think TPII can be valued at least on a PE of 25 and higher so TPII should be fully valued around $3-$5 over the 1999 Fiscal Year. I'm going to be watching closely for the $3,000,000 in revenues for the year end. That sounds hard to believe. Oh, by the way I sold on Friday after the conference call. I will buy back in after I get over Paul's attitude.