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Strategies & Market Trends : Frog Investing on SI - No Pennies/BB's Please -- Ignore unavailable to you. Want to Upgrade?

To: Pammaji who wrote (56)	2/8/1999 1:47:00 PM
From: J.S.	Read Replies (1) \| Respond to of 155

Pammaji, FVSP:Here is a frog (but not in terms of news). Check it out Copy of my previous remarks....low float.1.5M.solid turnaround story..blow away record volume ..$3-$4/share...has positive earnings...still undiscovered...very few have bought under 1/2 (I have *^) I must admit) today....is starting to take off again. Seems insiders may have jumped on this morning..company appears ethically and responsibly run..has stock incentives for employees..divested itself of money losing division,, Don't jump on this after the 200% gain from its 2 month avg! Joe P.S. This is a cash cow check out this cash flow statement: Cash flows from operating activities: Net income (loss) $ 401,000 $(1,110,000) ---------- ----------- Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 857,000 858,000 Amortization of discount on notes payable 5,000 4,000 Amortization of deferred financing fees 30,000 25,000 Gain on sale of assets (20,000) -- Provision for losses on accounts receivable 136,000 164,000 Common stock issued for services -- 38,000 Increase in deferred compensation 15,000 16,000 Decrease in accrued rent payable (110,000) (63,000) Increase in cash surrender value of life insurance (79,000) (58,000) Decrease (increase) in deferred income taxes 342,000 (307,000) Decrease in assets held for sale 99,000 -- Change in assets and liabilities, net of non-cash effect of asset sale: Decrease (increase) in accounts receivable 1,206,000 (955,000) Decrease (increase) in prepaid & refundable income taxes 21,000 (303,000) Decrease in inventories -- 219,000 Increase in prepaid expenses, deferred charges and security deposits (152,000) (517,000) (Decrease) increase in trade accounts payable and accrued expenses (742,000) 469,000 Increase in accrued interest 234,000 243,000 (Decrease) increase in unearned retainer income (122,000) 548,000 ---------- ----------- Total adjustments 1,720,000 381,000 ---------- ----------- Net cash provided by (used in) operating activities 2,121,000