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Abaxis, Inc. Message Board

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  • plus they have to overcome the dilution from conversion of all the preferred stock. the share count is up 16%. They are also fully taxed now and they cannot show increases in eps as the tax rate is 35% vs 0 last year. That is a big hurdle. so they talk about pre tax earnings--come on--after tax is all that counts. nice company but best to wait to buy until march '05 or so.

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    • They've got 19million of tax losses to set off against future earnings.

      Stupidly, this was recognised in the accounts last year and of course everybody ignores these adjustment as accounting bullshit.

      Real people ignore the notional tax charge in the accounts. Clint confirmed last CC, that the company is on-line for eps of $0.41. Personally, I think they will beat that at $0.45 to $0.50.

      Calculate your EPS on that and you get some sense of the stupidity of the price. In looking at EPS of course, we should be looking by now at next year which should be close to a $1.00, because of the improved margins on rotors.

      WE spent 3 years of ABAX being undervalued, then almost a year overvalued, now we are back to being undervalued.

      It's not how much its worth, it's how much you can manipulate. Talk to my friend Hymie.

 
ABAX
47.81+1.45(+3.13%)Jul 25 4:00 PMEDT