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Synergetics USA, Inc. Message Board

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  • jockne40 jockne40 Jun 14, 2010 10:28 PM Flag

    earnings out for qtr .13

    they earned .05 a share from operations.....I think you need to read again

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    • It is amazing how mean spirited some of the Synergetics pumpers can be.
      Just so no one sends me another veiled threat, here are the actual numbers as reported.
      Top Line Sales
      First nine months 09.....39.059
      First nine months 10.....39,020
      Growth?
      Sue me for reporting the facts.

      • 1 Reply to surfingusa76
      • That is the point surf. Look I would love to have SURG succeed but one has to look deeper. They sold assets and no doubt will have an effect on revenue going forward although they will strip out the revenue from those asset sales in the coming reports. One can see by the markets response today that the smart money knows the the company broke even at best (and that is better than a loss) but 99.99% of the gain was from the sale of the assets and the settlement, so where would SURG be without that factor. At best what the company is doing is mixed and it will take a couple of quarters to see if they have moved the neddle forward. A turnaround takes time and it will take time to see results but we have to understand that the recent climb in price factored in the settlement and the asset sale and should not expect to much more until we see some real progress going forward. The Net income 3.3M was known before the announcement and factored into the price per share already as the market today shows. So the few that called me names and critized may knowledge of accounting, well so beit, but the market in SURG today reflects what I tried to inform those smart posters as to what was ment by the numbers. One can spin all they want but the numbers do not lie.

 
SURG
4.39+0.14(+3.29%)Sep 1 4:00 PMEDT