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Microcap & Penny Stocks : DOUBLE DAY, INC. (BB: DBDY) BIG GAINS LITTLE RISK -- Ignore unavailable to you. Want to Upgrade?

To: okee-boy who wrote (2188)	3/11/1999 12:22:00 AM
From: RICE	Read Replies (1) \| Respond to of 2303

Well said Okee Boy. You are looking at this with an open mind.

To: okee-boy who wrote (2188)	3/11/1999 8:53:00 AM
From: Zeev Hed	Respond to of 2303

Okee, careful with accounting, profit margins of 25% does not means profit after taxes of 25%, it means margins, from which you have to subtract, SG&A, depreciation, and if they have any, R&D, then you take about 60% of what is left to account for taxes. In their case, because the base of sales is so small, the SG&A itself could easily reach 15% to 20% (between $600 K and $800 K ) leaving much less than my generous assumptions did. Furthermore, the $4.2 MM is coming from a company that has yet to deliver on a single promise,, so I would say, show me the last quarterly results and a trend that demonstrate they are getting there. Zeev