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Universal Security Instruments Inc. Message Board

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  • Jeris3 Jeris3 Feb 20, 2007 12:23 PM Flag

    UPG...

    RWC is similar to UUU in the sense that it is a turn-around company...like UUU saw the potential for conduit in its future RWC
    sees the digital wireless products as the new future and is focused
    on bringing out new products in that area. You asked about net income and the reason it dropped the 3Q was because RWC increased Eng./product expense by 40% (last count they had only 20 employees in this area but I assume it has added more) and marketing/Sales has increased 65% and these two add up to around 900,000. That's about .06 on last earnings of only .08 so you
    can see it is significant. Also, about 330,000 was non-cash employee compensation which did not happen in prior year. Go to their web site and you will find what you need. I tried to but couldn't get the Storey video maybe you can.....Nov. l5th, 2006.
    In about 2 or 3 weeks earnings will be out for the year which should include a hefty def. tax asset. By bet is that in two years when
    the def.tax asset is used up they will be in a lot stronger and have a bigger market share. Just like UUU they have quality products and extremely competitive prices. My opinion. Jeris

 
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