PharmChem Laboratories Inc (PCHM)

[LMLYP]

Our roll out is going to take time. It could take four, five or more years in a newly legislated state (North Dakota as a good example) for many or most counties to follow suit if they choose to adopt.

I jumped the gun saying five Iowa counties were ready to go, so yet another LMLYP/yakyakyak/rosesarefree/geneanddean correction.

One of my many blunders a few years back (besides posting we are worth $3 at the time) was saying a buyer could take advantage of PCHM"s tax loss carry forwards. The New York Times has nothing on me when it comes to retractions.

I am a square peg. A nerd. A geek. I am square. So let me use round numbers. These are not estimates. These are made up round sales numbers.

2016 $4 million up 25%, 2017 $5 million up 20%, 2018 $6 million up 17%. Earnings per share will accelerate more rapidly. Cash position grows leading to higher dividends. Sales rates could go back over 20/25% from a much higher base after that.

Someone should look at the PMD's and OSUR's of the world or even the LH's and DGX's and do a valuation comparison.

Al Franken. Deep Thoughts.


PCHM