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 : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?

To: David T. Groves who wrote (3616)	3/3/1999 3:39:00 AM
From: David T. Groves	Read Replies (1) \| Respond to of 3693

This stock actually was $.15 when negative earnings came out last quarter and was at $.22 in 5 days. With positive earnings and the knowledge of the land sale, we should see some movement. Last year they earned $.012 for the year. $.008 of that came in the last quarter. They continue to predict a better year, this year. How can that be? Well, just because they ship wood doesn't mean they get paid for it when they ship it. As of right now their accounts receivables are the biggest I've seen them. Twice as big as they were last year at the end of the quarter. Not hard to predict a good 4th quarter. From the report: 1998 1997 Receivables (Note B) 2,243,956 1,127,626 B. Accounts Receivable: Accounts receivable represent amounts due for sales of timber. Management has determined that the entire amount as of December 31, 1998 is fully collectible. We are looking great for the fourth quarter already!!!! Dave