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AJAY -- Ajay Sports, Inc. (AJAY)

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Last Post: 10/4/2006 12:00:23 PM - Followers: 1 - Board type: Free - Posts Today: 0

AJAY -- Ajay Sports, Inc. (DE) Com (1 Cent) PinkSheet w/news 32751 Middlebelt Rd. Suite B Farmington Hills MI 48334 248-851-5651 * OS 4.2M Shares with 1.6M held by CEO. About 2.6M Float * Online Store: http://www.progolf.com/home/index.jsp Chairman & CEO, Thomas W. Itin President & COO, Brian T. Donnelly * Travel: http://progolf.travelasp.com/ Flights Hotels Cars Cruises Vacations. PRIVATE Yachts and Villas * Main Company WebSite: http://www.progolfamerica.com/ Mission Statement: "We aim to be the leading retailer in the golf industry by dedicating ourselves to foster the game among players of all skill levels and by making our stores the game improvement retail destination of choice. We will continually strive to be committed to enhancing customer enjoyment of the sport by providing the highest quality and widest selection of name brand golf equipment, guaranteed low prices, custom fitting services and personalized customer care by exceeding all industry standards." * This company has been in business for 43 years. The company appears to be making a profit as they are expanding and opening new stores. My DD shows they receive $50,000 per franchise startup costs as well as 3.5 percent of sales. Operating costs seem to be minimal. With the announcement of a new COO I would not be surprised to see them make a move to the OTC BB in the next few months. A profitable company with a low OS, a low float, and a low share price today. The actual float may be lower than the 2.6M indicated above, perhaps closer to 1.5M shares. * With 6 NEW locations coming SOON that's an instant $300,000.00 * With 2 NEW locations just opened that's an instant $100,000.00 * With 38 OPEN USA Stores, what is 3.5 percent of sales ? $120,000 to $250,000 a year estimate. (IMO a fair estimation of daily sales is $500. Thats $15,000 a month in sales. With 38 USA stores that's $570,000. 3.5% = $20,000 a month. $20,000 month * 12 months = $120,000). They might easily have $1,000 a day in sales. * With 17 International Stores, what is 3.5 percent of sales ? $60,000 to $120,000 a year estimate. * With 8 NEW stores what is 3.5 percent fo sales ? $30,000 to $60,000 a year estimate. Conservative estimate would be $400,000 NEW Franchise fees + $185,000 + $90,000 + $45,000 = $720,000 a year with little overhead. Conservative EPS. Let's say of the $720K the company NETs $400,000 a year. Thats an EPS of about .10 cents a share. Given a multiplier of TWENTY that's about $2.00 a share value IMO. With continued GROWTH this number will just get LARGER!!!
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#71   Compusonics Video Corporation CPVD.OB CREGuy 10/04/06 12:00:23 PM
#70   if you believe any of the posts on tax3000 09/29/06 10:54:29 PM
#69   Ron... Thanks for the reply. dickmilde 09/20/06 07:47:28 PM
#68   From Ron Silberstein - just found this board RonSCPA 09/20/06 12:31:24 PM
#67   News flash: Brian Donnelly is no longer acting twitinmich 09/15/06 07:27:58 PM
#66   well, i have more shares than you do! twitinmich 08/27/06 08:33:42 AM
#65   hello twitin mitch. im actually in the same thomis itin 08/26/06 06:59:01 PM
#64   Unfortunately, yes I do. And I feel totally twitinmich 08/26/06 09:49:46 AM
#63   tnx twitinmitch for your help. have u also thomis itin 08/25/06 07:40:03 PM
#62   hello hahn, i just used the name thomis thomis itin 08/22/06 08:14:46 PM
#61   hahnlove... Public info here: dickmilde 08/22/06 07:05:41 PM
#59   Ok, Im just a bit confused now!! Message hahnlove 08/21/06 05:53:41 AM
#58   The trial is for Ajay, Pro Golf, Progolf.com twitinmich 08/19/06 11:07:29 AM
#57   Isn't the trial for Ronald Silberstein? dickmilde 08/18/06 10:23:59 PM
#56   There is a trial coming up on 8/28 twitinmich 08/18/06 09:47:58 PM
#55   Someone else is watching this... dickmilde 08/18/06 08:38:36 PM
#54   unfortunately, it's got to be Itin converting stock twitinmich 08/18/06 06:26:14 PM
#53   28M shares out now, converted some preferreds to timmage 08/18/06 05:21:02 PM
#52   SEC filings are up to date. dickmilde 08/18/06 02:43:34 PM
#51   First trade since July 12. dickmilde 08/18/06 01:34:12 PM
#50   hello twitinmich, have u ever spoken to itin thomis itin 08/16/06 08:30:59 PM
#49   im from australia. i called him yrs ago thomis itin 08/16/06 08:22:16 PM
#48   Has anyone called the CEO lately to ask twitinmich 08/16/06 01:39:54 PM
#47   hahnlove, are u an invester from australia, did thomis itin 08/14/06 10:10:37 PM
#46   Dear fellow investors. hahnlove 08/10/06 11:15:03 PM
#45   Ajay filed it's 2005 10Q's and 10K today. progolfguy 07/21/06 01:22:30 PM
#44   I'm laughing at this one - maybe his progolfguy 07/07/06 09:44:03 PM
#43   hi - no, i am not connected with progolfguy 07/06/06 10:52:54 PM
#42   progolfguy... Thanks for your point of view. I dickmilde 07/06/06 07:56:39 AM
#41   I can't believe you guys are buying stock progolfguy 07/04/06 10:58:41 PM
#40   Sure. I can be reached at lpointmpoint@yahoo.com. BeaconBoy 06/13/06 02:30:42 PM
#39   I am interested in learning more... dickmilde 06/11/06 04:57:30 PM
#38   I contend that AJAY sports is involved in BeaconBoy 06/11/06 03:26:14 PM
#37   AJAY from the latest filing ... 917,000 FLOAT Mr. Bill 03/04/06 02:36:08 AM
#36   AJAY revised the last three 10-Q's. This dickmilde 03/02/06 09:44:57 AM
#35   From latest 10Q, company is getting up to Mr. Bill 01/11/06 09:00:26 PM
#34   AJAY SPORTS INC - Nasdaq National Market: AJAY Mr. Bill 12/08/05 12:35:56 PM
#33   Back to .04 x .06 at EOD Mr. Bill 12/07/05 04:02:48 PM
#32   Recent trading history for AJAY: Mr. Bill 12/07/05 01:07:08 PM
#31   AJAY- Recent 8K. Net GAIN of $2,115,000 or Mr. Bill 12/07/05 12:44:12 PM
#30   AJAY- Todays trading. Now .04 x .08 Mr. Bill 12/07/05 12:36:29 PM
#29   AJAY now .05 x .07 - Waiting for Mr. Bill 05/08/05 11:57:31 AM
#28   AJAY.PK I talked to COO dickmilde 01/19/05 06:44:43 AM
#27   Todays trading... Most BUYs IMO www.otcbb.com Mr. Bill 09/16/04 10:04:45 PM
#26   Agree this one could develop nicely, I added bobkubecka 09/16/04 10:04:11 PM
#25   AJAY Mission Statement: 135 Stores WORLD Wide! Mr. Bill 09/16/04 08:09:30 PM
#24   AJAY also recently started up a TRAVEL Service! Mr. Bill 09/16/04 07:43:32 PM
#23   AJAY: Oldest and Largest GOLF ONLY Franchise network Mr. Bill 09/16/04 07:06:29 PM
#22   New from Pro Golf- A Whole NEW line Mr. Bill 09/16/04 06:54:44 PM
#21   Likely future event dates starting Oct 31st. Mr. Bill 09/16/04 06:51:48 PM
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