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Microcap & Penny Stocks : Pacer Technology (PTCH) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (548)	8/19/1998 4:34:00 PM
From: Kevin	Read Replies (1) \| Respond to of 726

I believe they beat the 12 month numbers by a penny. (eom)

To: The Ox who wrote (548)	8/19/1998 6:21:00 PM
From: David K.	Read Replies (1) \| Respond to of 726

The most interesting point here is that fact that ptch had positive earnings. Often after takeovers, companies seem to report a loss while ptch earned 2 cents for the quarter and 9 cents for the year ( 1 cent more than Borders earned last year). The increase in sales from last quarter increased 19 % and 53% over the forth quarter of 97. Once the Cook Bates operation is fully integrated within ptch, I expect to see a quality improvement in earnings, gross profits, working capital, net income, stockholders equity. gross margins, and operating margins. The management has so far done a superb job of bringing their new acquisition into the Pacer fold.

To: The Ox who wrote (548)	8/19/1998 7:00:00 PM
From: David K.	Respond to of 726

QUICK TAKE: For the three months ended June 30, 1998, net sales were $9,968,812, a 53% increase over the $6,498,765 reported for the fourth quarter of 1997 ( VERY POSITIVE) This was the largest quarter, in terms of revenues, in the company's history. Operating income decreased to $564,571 for the fourth quarter from $671,096 in the same period a year ago as Pacer and Cook Bates ran parallel operations from March 1998 through June 1998.( THIS MODERATE DECREASE SHOWS THAT MANAGEMENT IS DOING GOOD JOB OF INTEGRATING THE COOK BATES) Net income was $386,313, or $.02 per share, versus $382,101, or $.02 per share, for the corresponding quarter last year ( THIS IS QUITE POSITIVE SINCE OFTEN COMPANIES REPORT A LOSS AFTER A TAKEOVER) For the year ended June 30, 1998, net sales improved 24% to $31,938,514, up from $25,677,840 during the last fiscal year. (THIS IS WITHIN THE RATE OF SALES INCREASE THAT JIM MUNN PROMISED) Operating income was $2,972,265, a 16% increase over $2,562,033 in 1997. Net income rose 27% to $1,541,049, or $0.09 per share, up from $1,217,402, or $0.07 per share, in the prior fiscal year. ( IMAGINE THAT PTCH EARNED MORE MONEY ANNUALLY THAN BORDERS - NOW AT $27. MORE MONEY THAN AMAZON-$128 , THAN NETSCAPE-$31, ETC). ONCE THE PARALLEL OPERATIONS BECOME BECOME ONE OPERATION, ITS SEEMS THAT EARNINGS COULD EASILY DOUBLE FROM HERE. REVENUES OVER THE LAST FOUR YEARS: 95/$20.6 MILLION...96/$22. MILLION...97/$25.7 MLLION.... ...98/$31.8 MILLION NET INCOME OVER THE LAST FOUR YEARS: 95/-$200,00.....96-/$900,00....97/$1.2 MILLION....98/1.5 MILLION EARNINGS PER SHARE OVER THE LAST FOUR YEARS 95/-$.01...96/$.06...97/$,08......98/.$.10