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RELM Wireless Corp. Message Board

  • metzalot metzalot Aug 11, 2009 3:13 PM Flag

    The Shocking Part

    Here is what is shocking....So with one $1.5 million order in Q2 they do $9 million in revs and 15 cents per share. They already have 2 $1.5million plus orders to fill in Q3. So if they do $11 million in revs they will do close to 20 cents a share. Assuming they can do 10 cents in Q4 gets you to 40 cents per share in earnings. With roughly 50 cents cash per share the stock trades at 4 times earnings even after the pop!

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    • So far they have announced two 1.8mm orders for 3rd qtr, one from Agriculture and Interior, one from Dept of Defense.

      Look for more to be announced IMO.

    • They had another $5M order in 2Q as well, but $3M is a strong start for a seasonally strong 3Q. The tax rate will also correct itself, but no reason the Company can't do another 5 to 10 cents clean in 3Q. Some more orders and good quarters and there's no reason the stock can't double from here and still trade at a reasonable multiple.

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