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.

Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: jmt who wrote (3791)	9/22/1998 9:42:00 AM
From: Eagle	Read Replies (2) \| Respond to of 6931

jmt You mentioned "they were slightly profitable in the last quarter". In their September 4, 1998 "earnings" announcement which I've linked below there is no mention of specific earnings; just revenue growth. They do refer to "increasing profitability" in their report which supports your statement. Do have additional information about their earnings? biz.yahoo.com

To: jmt who wrote (3791)	9/22/1998 10:21:00 AM
From: John S. Baker	Read Replies (1) \| Respond to of 6931

Okay ... Fiscal Year ends July 31st ... losses (audited) for FY ended 7/31/97 ... reported profitable quarters since April ... may or may not net out a tiny profit for the FY ended 7/31/98 (currently in audit) ... I think we agree so far. Current price probably not based on current earnings ... yup, we agree there ... although I'd point out that even stocks which are earnings-based reflect earnings theoretically out to infinity, ie "net present value (discounted) of all future earnings" ... and I suspect that TSIS's current pricing model should take into account the prospect of future earnings. Thus, when you add in "nil" plus "something in 1999" plus "something in 2000" etc, you sort of automatically reach a lower P/E than might be assigned to a company which has current earnings. And I would add that I continue to be stumped by the question of what is the most appropriate multiple to assign to TSIS. EVery month or so, I ponder this but still am not comfortable with any one conclusion. Happy Due Diligence JSb. (for lurkers -- I am long in TSIS for quite some time now)