Last year, they did $27,255,000! This time the 4th Q is "guided" by management to be LESS THAN THAT! Estimates per analysts range between a low of $19.26 mil to a high of $22.16 mil.
In other words, MANAGEMENT'S expectations are for a 30-35% DECLINE YEAR OVER YEAR!! Of course lvb and few other lunatics dispute Karen and company and call for a great quarter. How would they know more than the CEO?
What are the expectations of the street though? They arent comparing year to year. The company has guided low so they may miss to the upside or guide higher.
Your points about mgm salary are valid. I leave that to the larger shareholders to pressure mgmt.
The higher we go the greater chance to get caught but the interesting thing will be to see if the company goes up even on a miss. That will take some time to play out but its happened recently with others and will show clearly if the next move is indeed higher.
Good points, but even at the high end ($22 million), EPNY will fall short year over year by 19%!
My belief is that the rising tide of Nasdaq has taken even the dogs higher. EPNY has a business plan based upon E.6, the culmination of three years of development. E.6 has been a sales flop! Re-running the same failed business plan and product in 2005 will yield even less revenue as management acknowledges by setting lower guidance for year over year revenue.
EPNY management has in E.6 the equivalent of the Mariah Carey film, "Glitter". It bombed at the box office and it was pulled from theaters. Unlike Hollywood, EPNY management is re-running their failed E.6 to the same audience that panned it in 2004. It simply makes no sense!!