Fonar Corp (FONR)

[value1008]

Why the EPS went down from last qtr to the recent qtr:

I spoke at some length on Friday with Daniel at FONR's Investor Communications. Among other things, he told me that the biggest reason FONR's EPS for the recent quarter came down from prior two quarters is the auditor taking out a large amount for provisional tax "reserves," the largest expense item on FONR's financial sheet for the quarter. Without that charge, which probably won't actually materialize at that big amount, the EPS would have been much higher.

Daniel said the company is definitely promising more growth this year simply by organically growing the number of scans, and perhaps selling more MRI machines now that credit has gotten better.