To: Sprintcar who wrote (4682 ) 3/31/1999 9:22:00 AM From: Joe-MA Read Replies (2) | Respond to of 8189
Sprint, I think your figures re revenues are overstated. I have annotated your figures below: >>> lets see what we have here, please correct me where ever you feel I am incorrect. Based on Press Releases.. >>> 1/14/99 Ford Deal 6553 facilities x1 per facility(est.)x$2,000 est cost= 13,106,000 ( I believe these are the smaller units sold for no more than $450. each. Also, this is a year contract I believe so no more than 50-60% in 1999) >>> 2/3/99 GM Deal 64 plants x 20 units per x $2,000 est cost = 3,200,000 (They have only sold to the Pontiac plant - 20 i think on an order of 40 - they have demoed at Dayton - and will do so at others - but I think you're off here by at least 50% or more for 1999) >>>2/10/99 F & M 1000 units x $2,000 = 2,000,000 (Thisis a distributor through 5 states which has an order for 75 units per month - no more than 500 for 1999 at a cost i am guessing less than $2,000) >> 2/23/99 SPX Lowener 9700 units x $450 = 4,365,000 (Same as Ford above - do not know number sold for 1999 - would cut this in half as well though) 3/2/99 NASCAR R & D 0 ( I was told NASCAR was a "paying" customer - meaning they are buying some. Don't know volume) 3/9/99 ARCA R & D 0 (ditto above) 3/11/99 Army Corps ? Total Estimates At Present $ 22,671,000 ( Doing a real quick correction I speculate less than 10 mill from above in 1999 - BUT, even at 8 mill in current contracts, not counting anything for the rest of the year and chopping off 50% for overhead to boot, along with 40% tax - we get $2mill minimum which is .20 cents per share which at a 15PE ======= $3.00 per share value. A ridiculously low conservative guesstimate, admittedly, which I think shows why we are all here. Now if we could get the company to give us a real summary of real revenue from existing real contracts, we could do this for real. Joe-MA