Thursday, August 28, 2014 3:15:16 AM
They expect that the next 2 quarterly reports will Show, that delivered and not installed Systems have not been booked on the Profit side, however the fix-costs (expenses) have been fully booked. For this reason, the quarterly Profit per share of 0.10 was below the expected 0.23 Profit per share.
If they are right, then PRCP could make roughly $ 1.-- Profit over a period of 12 months. The question is the expected growth rate. 15 % - 25 %. If the latter, then they could be right with their Price target. Be it as it may, at the current Level I guess, there is a very low risk not to perform well if one narrows the P/Es between 12 and 18 instead of 15 and 25.
The balance-sheet is healthy and PRCP has roughly $ 3.50 in Cash per share.
Have taken a Position at those Levels.
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