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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: TickerTalker who wrote (9708)	11/9/1998 1:42:00 PM
From: Boob	Read Replies (1) \| Respond to of 25711

PECN Take a look at PECN.........huge news came out friday that i didn't see until this morning when i was criteria searching....i cannot believe this news 3Q rev: $5.5mil .........vs. ........3Q rev '97: $1.6mil (up 250%) Net profits: $228,000 ....vs.........Net loss '97: $285,000 EPS for 3Q = $0.04 ($.16 per year excluding growth)...1 times earnings before even counting growth order backlog = $3mil float: a mere 2.2 mil sitting on 52-low of $0.16 and just starting to move off it today Friday's news: Publishers Equipment Corporation Announces Third Quarter Results DALLAS, Nov. 6 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (OTC Bulletin Board: PECN - news) today announced net income of $228,000 for the third quarter of 1998 on revenues of $5,529,000. These results compare to a net loss of $291,000 on revenues of $1,632,000 for the third quarter of 1997. Year to date the Company has net income of $285,000 on revenues of $12,023,000, which compares to a net loss of $135,000 on revenues of $7,629,000 for the first nine months of 1997. Three Months Ended Nine Months Ended September 30, September 30, 1998 1997 1998 1997 (Unaudited, in thousands) Revenues $5,529 $1,632 $12,023 $7,629 Net income (loss) 228 (291) 285 (135) Net income (loss) per common share (Basic and Diluted) $0.04 $(0.06) $0.05 $(0.03) Average shares outstanding Basic 5,220,253 5,205,719 5,220,253 5,205,719 Diluted 5,249,321 5,291,713 5,270,121 5,306,065 The Company's backlog at September 30, 1998, totaled $6 million. This amount includes an order for Saudi Arabia in excess of $3 million that remains on hold pending the implementation of a restructured payment schedule. For additional information contact Roger R. Baier, at Publishers Equipment Corporation, 972-931-2312. Also, book value of $.68 *trading less than 30% of book value Outstanding shares = 5.2 mil, float = 2.2 mil Me thinks with any buying this one will burst...should be trading over book value that is for sure. Sorry so sloppy, just wanted to get this out asap Boob