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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: LABMAN who wrote (7376)4/26/1999 11:28:00 PM
From: Stock Watcher  Respond to of 52051
 
LAB; on BNCM; thanx for posting the earnings report in its entirety.
Very helpful to read the quarterly & (9) month results right here on the thread.

I'm not sure if the report is good or not; rev's are up; net profits are down; cash is plentiful @ 26M and acquisition is complete with internet business very healthy in March.

Even though EPS was down to .12 for the quarter compared to .33 last year (that's not the good part), hopefully investors will see beyond the decreased earnings and keep hope afloat due to the extraordinary success of internet mortgages. This stock is strictly an internet play at this point (IMO).

What's your take on this ? I'm really clueless; it's such a mixed bag;
one thing is for sure: unfortunately, earnings were disappointing... regards, sw