...first, management doesn't appear overpaid...a company with over 130 million dollars in annual revenues and the chairman and CEO salaries together amount to only $639,000......next on my checklist is management holdings...the CEO and chairman together own about 140,000 shares of stock -- about 9% of the total number outstanding......cash on balance sheet...last quarter says it was 22.5 million -- a 100% increase from the 11 million the year before...22.5 million amounts to over four dollars a share in cash....debt on the balance sheet -- "long-term notes payable" stands at 1.5 million -- a decrease of $700,000 from 2.2 million the year before......book value stands at over $7.00 a share -- and no "goodwill" on the balance sheet to confuse that number......the company has made money every year for the past five years -- that's as far back as I go......no bogus news releases -- the one's I read all contained solid news -- e.g.:http://biz.yahoo.com/bw/060222/20060222005923.html?.v=1http://biz.yahoo.com/bw/060228/20060228006139.html?.v=1...earnings and revenue growth have been good if not stupendous...and I like that they have stayed focused on their field and appear to be building a solid company....technically, stochastics say it is extremely oversold at this point....I've bought some and will gradually buy more...I rate it a "buy" between 10 and 12...a "strong buy" if it drops to between 8 and 10.
Are ye'all buyin my bs while I short?
If you are short congrats ... you have a strange way of showing it in your posts which are of the cheerleader variety
<< ...cash on balance sheet...last quarter says it was 22.5 million -- a 100% increase from the 11 million the year before...22.5 million amounts to over four dollars a share in cash. >>Don't know what data you are using, but I question it's accuracy.
Actually the number is accurate based on the financials presented with the earnings release. However by the time short and long term liabilities are deducted net current assets is far less then $4 per share ... that is the deception.
Think you have two errors in your analysis. The current part of LT Debt did go down to but Long Term Debt increased to 8.647M from $3,031M YOY.Other part is goodwill. One third of this companies balance sheet, $22.434 is intangibles which is another way to say goodwill.