CNBI is about to explode. Here are my old highlights and projections with the new information in bold:
Sales Revenue:
Year ended:
06 - 32M
07 - 66M
08 - 109M
Nine mos. ended Sep. 30:
08 - 86M
09 - 99M
So I'm guessing year ended 09 revenues will come in at around 120M.
CNBI reported 09 revenues of 136.1M!
Net Income:
Year ended
06 - 2M
07 - 6M
08 - 17M
Nine mos. ended Sep. 30
08 - 14M
09 - 15M
So I'm guessing year ended 09 net income will come in at around 18M.
CNBI reported 09 net income of 19.4M!
Cash:
Year ended
06 - 143k
07 - 520k
08 - 1.3M
As of Sep. 30, 2009:
13M (Yes, you are reading that correctly.)
CNBI finished the year w/ 13.3M in cash
Total Assets:
Year ended
06 - 32M
07 - 44M
08 - 66M
As of Sep. 30, 2009:
89M
CNBI finished the year w/ 93M in total assets
Total Liabilities:
Year ended
06 - 24M
07 - 32M
08 - 37M
As of Sep. 30, 2009:
45M (I'd have liked to see this figure not be this high by only Sep.)
CNBI lowered Total Liabilities to 39M
Ratio of Assets/Liabilities:
06 - 1.3
07 - 1.4
08 - 1.8
As of Sep. 30, 2009:
2 (So even though the liabilities were increasing at a greater rate by Sep. 30, 2009 than they were for the years 2006-2008, the assets are still increasing at a proportionately higher rate in relation the the liabilities, which makes up for in the increasing liabilities.)
09 - 2.4
Outstanding Shares - as of 3/1/10
38,154,340
Outstanding Shares (Fully Diluted - assuming all warrants are exercised):
40,265,575
Authorized Shares:
100,000,000
EPS as of Sep. 30, 2009:
.36 (To make things easy, we'll assume they earned .48 for the entire year).
Today's P/E using assumed TTM EPS of .48:
5.5
EPS FOR FULL YEAR 2009 CAME IN AT .61, FULLY DILUTED, GIVING US A CURRENT P/E RATIO OF 4.5. WAYYYYYYY UNDERVALUED.
