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PCTEL, Inc. Message Board

  • melbee14_83 melbee14_83 Feb 7, 2008 11:42 AM Flag


    with the disposition of the fast growing unit, will the remaining pcti show a profit?

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    • Yes! In addition, right now PCTI has $6.00 cash/share. One is actually buying the business for free when you buy the stock under $6.00.

      • 1 Reply to commandor58
      • To be specific, I'm looking for sales of $18 million
        gross profit of $8.1 million or 45%.
        OpX, on a continuing basis, less MSG as are all the above figures, aught to be close to $7.5 million as R&D spending should be alot less, S&M & G&A, maybe down a little.

        So, $.03/share on an operating basis, plus whatever interest income will be-perhaps another $.05/share.

        1st Q, should be very similar with sales around $18 million vs $16.4 last year.

        With the MSG sale, and before taxes are paid, PCTI has $125 million in cash, plus whatever cashflow was in the 4th Q.

        Going back to the 3rd Q, PCTI bought back 517,000 shares at an average price of $7.84. When the window opens up again, Feb 20, I would expect PCTI to be aggressive buyers up to $7.50 or so. Book value maybe close to $8.00 after the MSG gain is taken in the 1st Q.

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