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Record earnings for SYTE.. Nice job FRE!
More AOL dial-up stuff
Hiking its monthly fees now seems to be akin to ringing the "last call" bell to weed out the last of those fiddling about in a drunken stupor. What's that line in Semisonic's "Closing Time" song?
"You don't have to go home, but you can't stay here."
http://www.fool.com/News/mft/2006/mft06030102.htm
MSN is trying this..
http://www.betanews.com/article/MSN_Courts_AOL_Users_with_Lower_Cost/1143571438
For Dandi's eyes only
Duke Baby..
TMAN.. you may know.. but Mr. Erhartic has purchased 8 Mil shares the past few years.. I would call that insider buying already... sold zero...
He's too scared to come over...LOL
Because he knows Duke will get beat tonight...
Simple... I would great be interested in your take on what all the charts say given our latest run up... TIA..
Speculation.. For the 3 or 4 of us here....
Lets assume 1% share in that area 5K subs...100% NB... to make it simple..
Month NB Subs $/sub NB Revs biz Subs bix $/sub BB biz Revs DSL subs DSL $/sub DSL Revs Total BB Revs Hosting rev Monthly ISP Revs Quarter Revs Actual Annual Revs
Jan-05 10,935 $18.00 $196,830 950 $60.00 $57,000 0 0 0 $57,000 $253,830 na na na
Feb-05 10,935 $18.00 $196,830 950 $60.00 $57,000 0 0 0 $57,000 $253,830 na na na
Mar-05 10,935 $18.00 $196,830 950 $60.00 $57,000 0 0 0 $57,000 $253,830 $761,490 $761,540 na
Apr-05 10,716 $18.00 $192,888 950 $60.00 $57,000 0 0 0 $57,000 $249,888 na na na
May-05 10,502 $18.00 $189,036 950 $60.00 $57,000 0 0 0 $57,000 $246,036 na na na
Jun-05 10,292 $18.00 $185,256 950 $60.00 $57,000 0 0 0 $57,000 $242,256 $738,180 $738,736 na
Jul-05 9,880 $18.00 $177,846 950 $60.00 $57,000 0 0 0 $57,000 $234,846 na na na
Aug-05 9,485 $18.00 $170,732 950 $60.00 $57,000 0 0 0 $57,000 $227,732 na na na
Sep-05 9,109 $18.00 $163,962 950 $60.00 $57,000 0 0 0 $57,000 $220,962 $783,540 $780,792 na
Oct-05 18,244 $17.75 $323,825 950 $60.00 $57,000 2100 $20.00 $42,000 $99,000 $422,825 na na na
Nov-05 17,514 $17.75 $310,872 950 $60.00 $57,000 2100 $20.00 $42,000 $99,000 $409,872 na na na
Dec-05 16,813 $17.75 $298,437 950 $60.00 $57,000 2100 $20.00 $42,000 $99,000 $397,437 $1,230,133 $1,230,133 $3,511,201
Jan-06 20,519 $17.00 $348,820 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $467,011 na na na
Feb-06 19,698 $17.00 $334,867 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $453,058 na na na
Mar-06 23,910 $17.00 $406,472 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $524,663 $1,444,732 $1,444,732 na
Apr-06 22,954 $17.00 $390,213 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $508,404 na na na
May-06 22,036 $17.00 $374,605 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $492,796 na na na
Jun-06 21,154 $17.00 $359,621 980 $60.00 $58,800 2100 $20.00 $42,000 $100,800 $17,391 $477,812 $1,479,012 $1,479,012 na
Don't have time to clean this data but.... I predict the 2nd Q to have increased Revenues!!! Just what FRE has been saying! and I say a $5.5 mil '06 revs..
It depends on the close date. I'm assuming 3/1/06....
The 8K will tell us for sure.. if like the past...It will be filled with details.. hopefully all good!
This 10K will tell us alot about the company. How well did the Idacomm buy transition into the company?
concluding at this point the Prolynx buy was to keep revenues growing so no down tick due to churn...
decided to wait on this one...
Are millions of shares sold short here? Death spiral Perhaps? I didn't look at the agreement too good but but saw this.. "163,894,737 shares are reserved for issuance upon conversion"
On February 2, 2005, U.S. Wireless sold an aggregate of $1,500,000 in 8% callable secured convertible notes representing the principal on up to $3,000,000 in notes due January 25, 2008. The notes are convertible into shares of Common Stock, pursuant to a Securities Purchase Agreement. Warrants to purchase an aggregate of 3,000,000 shares of common stock issued pursuant to the Securities Purchase Agreement for the 8% callable secured convertible notes were also issued on February 2, 2005. The Notes and Warrants were issued to a limited number of accredited investors and therefore the transactions were exempt from registration under Section 4(2) of the Securities Act, as transactions not involving any public offering an no commissions were paid.
AJW PARTNERS, LLC
By: SMS Group, LLC
/s/ Corey S. Ribotsky
AGGREGATE SUBSCRIPTION AMOUNT:
Aggregate Principal Amount of Notes:
$210,000
Number of Warrants:
210,000
Aggregate Purchase Price:
$210,000
AJW OFFSHORE, LTD.
By: First Street Manager II, LLC
/s/ Corey S. Ribotsky
Corey S. Ribotsky
RESIDENCE:
Cayman Islands
ADDRESS:
AJW Offshore, Ltd.
P.O. Box 32021 SMB
Grand Cayman, Cayman Island, B.W.I.
AGGREGATE SUBSCRIPTION AMOUNT:
Aggregate Principal Amount of Notes:
$675,000
Number of Warrants:
675,000
AJW QUALIFIED PARTNERS, LLC
By: AJW Manager, LLC
/s/ Corey S. Ribotsky
Corey S. Ribotsky
aggregate Principal Amount of Notes:
$585,000
Number of Warrants:
585,000
Aggregate Purchase Price:
$585,000
NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: First Street Manager II, LLP
/s/ Corey S. Ribotsky
Corey S. Ribotsky
Manager
Aggregate Principal Amount of Notes:
$30,000
Number of Warrants:
30,000
1st Q 10Q 2005
Total liabilities at December 31, 2004 were $2,993,136. Current liabilities were $2,883,513 consisting of $16,820 in bank overdrafts, $942,358 in accounts payable, $141,415 in accrued expenses, $4,955 in deferred revenue and $1,777,965 current portion of long term debt. Long term debt consisted of $316,844 in convertible debentures, $1,265,881 in notes payable, $298,947 in related party notes payable and $5,916 in lease obligations.
Some of our notes payable and the convertible debenture are in default. We have suffered recurring losses with negative working capital. In August, 2004, we had a significant change in management. Our current management has been working vigorously to reduce debt by stock conversion, increase operations by acquisition of complementary businesses in order to generate revenue, and obtaining funding commitments.
2Q 10Q 2005
On February 2, 2005, U.S. Wireless received a $3 million institutional funding commitment. U.S. Wireless has already received the first disbursement of $1.5 million. The capital is being provided through a series of convertible notes that are secured by company assets. Under the terms of the agreement two installments of $750,000 each will be paid by the purchasers; one upon filing of the mandatory registration statement as outlined in the Registration Rights Agreement dated January 28, 2005, and the balance when the registration statement is declared effective by the Commission. U.S. Wireless has initiated discussions with the institutional investors regarding pre-payment of the notes.
3Q 10Q 2005
Total liabilities at September 30, 2005 were $7,478,890. Current liabilities were $2,667,383 consisting of $1,444,365 in accounts payable, $289,346 in accrued expenses, $20,567 in deferred revenue, $418,354 in short term debt and $494,750 in current portion of long term debt. Other liabilities at September 30, 2005 consisted of credit lines balance of $144,538 and $4,666,968 in notes payable. Total liabilities at December 31, 2004 were $2,993,136 consisting of $2,883,513 in current liabilities and $109,623 in long-term debt. (This Q they don't mention the CD)
seems to me that I remember several SYTE post over there about the above mention hedge company.... shorting.. get shares... shorting.. get shares.. shorting... get more shares...... etc... the idea of it becoming a super sub penny... At one chat Syte ceo said something about Ribotsky not wanting cash settlement... wanted shares... Who really knows? Maybe the "other" is related...
County of 500K....
so 1% mkt share is 5K subs
More Revs... The link...
It looks like they've been in business since 1997... It would surprise me to see these guys in the 5-10K sub range. Looks like an $18/sub/month and some DSL...
Even better...
"This acquisition continues our commitment to build a larger, stronger and more efficient company that delivers both customer and shareholder value," said Frank R. Erhartic, Jr., CEO for Sitestar. And you know it's true!
http://www.prolynx.com/
"Prolynx has provided service to thousand's of Coloradans as well as companies in Europe, Asia, South America, Canada and Africa."
Another acquisition announced today... Gotta love it....
From the TA this week.
outstanding: 94,991,733
Restricted shares: 71,012,556
authorized: 100,000,000
Float 23,979,177
This board needs some updating... broken links above.
Anybody know what this is?
Other Income
Gain on Settlement of Debt
3Q - $411,635
9 months - $688,542
Non-cash item suppose?
In addition, I think we have a chance the 4th Q will post it's first net income... Depending on the above question and if they were able to consolidate some expenses.
And my prediction for the fun of it....
Quarter Revenues COGS Operational Exp Other (Exp) Net incom
A2Q05 $1,179,223 $450,864 $1,172,717 $245,009 ($199,349)
A3Q05 $1,433,385 $550,978 $1,414,608 $366,648 ($165,553)
F4Q05 $1,748,730 $672,193 $1,414,608 $366,648 $28,577
Assumptions: Revenues up 22% same as 2 to 3Q; COGS 38%; Operational Exp same as 3Q; Other Income same as 3Q.
Now this is my first shot at this predict so don't anyone dare take my advise.. this is for fun only.
We'll see how forthcoming they are with basic info on Monday when I call the company. Friday IR was out.. Watch the tourney I suppose.. But didn't care to hear this... "if you need AP please call...." hummm
Apparently it was an oversight.... but now corrected.
IMO, it’s not unreasonable for a mistake like this to happen. I can only imagine all the gov bs the company’s got to put up with…
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?CorpID=218400&CorpName=SITESTAR+CORPORATION
simple... not refreshing I think because it has ending day...
make sure no ending date...
Not a bad day huh? .10
All we need right now is an announcement of acquisition....
FFI (S-3/A) PROSPECTUS 2,124,548 Shares 3/09/06 and some questions...
PROSPECTUS 2,124,548 Shares
1) When they report an s-3, Are these share already sold or saying they are selling these into the future?
2) What exactly does the chart mean Titled CALCULATION OF REGISTRATION FEE? I notice a value of the stock. Is this just to calculate the filing fee or does it mean more?
3) If OS are about 10 Mil, does this mean 20% dilution? This is what it looks like to me...
Direct link...
http://www.sec.gov/Archives/edgar/data/851249/000095013706002778/c03258a1sv3za.htm
TIA!
I put up a survey on the Company Goal..
Let's see what everyone thinks.
Will try and keep thing updated...
Maybe even have a few fun things..
Simple, can we do a survey?
OK bones I have your recommendation posted...
You like?
Ha Ha.. That will be our good luck slogan....
I'll fit that in somewhere...
Happy to help simplegreen....
Let's all hope Mr. Erhartic and team.. continues to work hard and make us some money!
Suggestions welcome on making the site more informational...
AOL raising price to "shake the bush"
They want customer to migrate to BB...
NB=$25.95 vs BB=$25.95
http://msnbc.msn.com/id/11620061/
Could some migrate to SYTE? or "value" NB
Some folks just don't surf... use it for email.. don't care about speed.. etc...
Giffer Prediction for the 4Q
All IMO and no company input other then PR's and Filings..
Quarter ; Internet.........; Dev....; Retail......; Total............; COGS......; Oper Exp.; OthrExp ; Net Income
F 4Q05 ; $1,200,000 ; empty ; $35,000 ; $1,235,000 ; $358,150 ; $550,000 ; $45,000 ; $371,850
The follow are past predictions
F 3Q05 ; $827,847 ; empty ; $42,000 ; $869,847 ; $228,556 ; $380,000 ; $85,000 ; $176,291
A 3Q05 ; $780,793 ; empty ; $37,615 ; $818,408 ; $229,075 ; $427,704 ; $45,105 ; $116,524
Comments: Missed Revs. Under est.'d Churn and Operating expenses.
http://investorshub.com/boards/read_msg.asp?message_id=8532073
F 2Q05 ; $730,000 ; empty ; $30,000 ; $760,000 ; $197,000 ; $411,000 ; $45,000 ; $107,000
A 2Q05 ; $738,736 ; empty ; $41,882 ; $780,618 ; $205,111 ; $376,744 ; $43,020 ; $155,743
Comments: Under on Revs; over on Operating Expenses
http://ragingbull.lycos.com/mboard/boards.cgi?board=SYTE&read=49171
F 1Q05 ; $760,180 ; $1,500 ; $35,000 ; $769,680 ; $250,000 ; $390,000 ; $75,000 ; $81,680
A 1Q05 ; $761,540 ; $0 ; $38,849 ; $800,389 ; $209,331 ; $477,427 ; $41,564 ; $72,067
Comments: Ok something didn't add up? Suppose to be $54,680...
http://ragingbull.lycos.com/mboard/boards.cgi?board=SYTE&read=48273
F 4Q04 ; empty ; empty ; empty ; empty ; empty ; empty ; empty ; $60,964
4 AQ04 ; empty ; empty ; empty ; $772,909 ; $251,917 ; $420,838 ; $27,818 ; $72,336
Comments: Close
http://ragingbull.lycos.com/mboard/boards.cgi?board=SYTE&read=47451
F 3Q04 ; empty ; empty ; empty ; $786,256 ; $377,023 ; $394,534 ; $73,429 ; ($58,730)
A 3Q04 ; $740,070 ; empty ; $63,742 ; $803,812 ; $219,941 ; $371,718 ; $56,102 ; $156,051
Comments: Missed on COGS; slight over on other ex prookie at this game.
http://ragingbull.lycos.com/mboard/boards.cgi?board=SYTE&read=43144
ASSUMPTIONS:
1) Revenues: Assuming 4% churn on NB and no erosion on BB. This follows close to competition. I have a model that improves with every report, E confirmed my est. is close.
2) COGS: Based on history it always seems to be in the high 20 % range.. I pick 29%
3) Operating Exp: Always tough to predict. I say the Idacomm buy moves nicely into current operating expenses. The Idacomm contract says equipment to stay at there location until paid off. I predict that Idacomm will babysit equipment until paid off at no cost. Thus, the increase out my azz of only $125K vs 3rd Q'05. In addition, since they have had subs at this level before, the company can easily handle them from a customer service level.
4) Other: Going to stick with last few Q's
5) No unexpected writeoff... goodwill etc
Conclusion: EPS of $.008 for 2005
This study says internet is max'd out...
39 mil don't ever want Internet...
http://www.informationweek.com/internet/showArticle.jhtml?articleID=180207781
Another narrowband study
http://www.emarketer.com/Article.aspx?1003833
"accounting for less than 20 million online households by 2009, far less than the 65.7 million broadband households in the US by that time."
Conclusion...
So Sitestar's plan will still work for several years out.
Here' a thought...
Say for example... the company adds with each new buy.. & Making a few assumtions
Year Add subs BB subs 10% of buys organic 5% total
2005 20,500....... 3000
2006 80,000....... 8000................ 3,400 = 11,400
2007 50,000....... 5000............... 11,650 = 16,650
2008 50,000....... 5000............... 16,900 = 21,900
2009 50,000....... 5000............... 22,150 = 27,150
27,150 x $30 = $814,500 x 12 = $9,774,000 in potiential annnual Future BB revs...
This was the message sent to me by the hiring of Mr. Collado.
Just a FYI on US subs....
In March 2006 US still has 23.4 million NB subs... All we want it 100K.
I got that by...
Earthlink says this in the last 10Q:
"The Internet access market in the U.S. grew dramatically from the mid-1990s through 2000, but the market has experienced slower growth since as the market has reached a mature stage of growth. Approximately 75 million households were estimated to have had Internet access services as of June 30, 2005, and it is estimated about three million new households are adding Internet access annually."
So conclude end of June 2006 to be 78 million....
Nielsen//NetRatings says this...
"US broadband penetration grew to 65.57% in December. Narrowband users (56Kbps or less) now comprise 34.43% of active Internet users, down 0.68 percentage points from 35.11% in November 2005 and At the current growth rate, broadband penetration among active Internet users in US homes should break 70% by late March of 2006"
http://www.websiteoptimization.com/bw/0601/broadband_hm_td_0512.gif
I was telling everyone to buy...
Wasn't going to be greedy... I share info...
Bones.. run far away.. a bunch of Cajuns run GEEK!
kidding... SYTE is the only otcbb I own... hard to get excited with GEEK... I think SYTE will pass revs and double pps before GEEK does... This business is tough... It seems they are behind.. Revs dropped, but cost did not at same-same.. All the sudden the have $400K in equipment revs... That means they have some BB revs? Anyway.. I have them in for breakeven this Q reporting in 3 weeks... but beware.. more loses in 3rd...Notice the 3Q05... same may happen due to layoffs and moves... New buy brings in what revs? not forthcoming tells me revs from this buy are nothing. It was growth buy to meet wireless goals... how does the plan fit with WiMax? Oh well... cut and past my spread sorry for the mess..
Revenues F2Q 1Q 4Q 3Q 2Q 1Q
-Internet $2,152,234 $2,241,910 $2,336,115 $2,570,056 $2,677,229 $2,480,138
- Other $400,000 $405,893 $252,323 $216,896 $93,444 $21,243
Total $0 $2,647,803 $2,588,438 $2,786,952 $2,770,673 $2,501,381
Operating Expenses $2,535,462 $2,535,462 $2,623,855 $3,039,044 $2,678,494 $2,271,886
Net Income $16,772 $108,716 ($45,084) ($257,681) $84,036 $237,574
Disclaimer: New nickname is Clueless
ALL IMO...
Hd... I'll give you my thoughts..
ELNK... Hard to answer... because size difference... But it seems yes. They bought that VPN 100 Mill rev company in December and contracted Phily WiFi.. ISP King of the mountain IMO...
GEEK.. is no. But consider this. As of today, SYTE MKT cap is $5.68M vs Geek $4.98M. GEEK has twice the revs vs. SYTE. GEEK is not just standing by though... It appears they are doing some strong wireless marketing and selling a good bit of equipment that offsets churn.
IVCM seems to have a plan near SYTE. Given the history it looks like a company that is not interested in growing PPS...
They like to grow MGT pockets.. LOL
UNTD seem to be promoting the "value" NB.. suck it dry... until gone or sold. They bought classmate and genealogy?? I think. Those are not ISP's...
reality is... We are not trading at an "aggressive" PE rate.
Why? IMO several factors.. NB is in the end of it's product life cycle. It's being replaced by BB. SYTE has found a niche right now. Buy premium NB at just the right price where cash flow gives us a net income before they finally churn. As we buy these ISP we pick up some DSL "scaps"... This will be our real future... And.. This business changes fast.. even in NB.. Premium to value.. 100K subs seems like a real number right now.. I really think We'll be around $20 Mil in rev and about EPS .04-.08 EPS.. I truly believe.. if we have a great 10K '04 and 10Q '05.. then we might just move to a higher PE...15+
Why do you think we're not trading higher?
Conservativly speaking...
looking at closly matched companies... ISP only..
Balance sheet considerations says maybe we are lower PE..
1/9/05
SYTE Trailing P/E (ttm, intraday): 8.29
ELNK Trailing P/E (ttm, intraday): 11.40 & Forward P/E (fye 31-Dec-06) 1: 14.52
GEEK Forward PE (giffer method 1st x 4) 11.52
Other that might Factor... Close?
UNTD Trailing P/E (ttm, intraday): 8.24 & Forward P/E (fye 31-Dec-06) 1: 14.60
IVCM (not sure this is honest company)
ICCA
WFRI
BWDI
UWRL
BIZ
GRIC
EWEB
ASAB
COI
CDNC
GIGM
On and On...
Then you have the WiFi only Guys... the bells.. exchanges... cable.. & aol... how do you compare those?
I use the ones we closest compare...
Just plugged into my spreadsheet...
IMO...
If we not buy anyone else, we are not looking at forward 2 cents per share x PE 8 = $.16
Assumptions... $18/sub; 26% cost of revs; 50% op cost; other same; 5% churn on NB...
Primed for a good year... A nice buy using only 2.5% share dilution for the revs...
April report will confirm.
Good luck to all that can pick a few up under 8 cents.
1st look 4Q Expectations...
all IMO of course...
Month NB Subs BB Subs NB Revs BB Revs Monthly Revs Quarter Revs
Oct-05.. 18,819.. 950 + 1320.. $338,744.. $99,000.. $437,744
Nov-05.. 17,972.. 950 + 1320.. $323,500.. $99,000.. $422,500
Dec-05.. 17,163.. 950 + 1320.. $308,943.. $99,000.. $407,943
This would put 4Q internet revs at $1,268,187
Quarter Internet Retail Total Cost of Rev Operating Exp Other Exp Net Income YTD Net income
F 4Q 05 $1,268,187 $37,000 $1,305,187 $339,349 $427,704 $46,000 $492,134 $836,468
Asumptions: 4.5% churn continues; same Oper exp & no additional aquisitions
This would put us over $.01 per share on the year.... You would think there is a possiblity that we could trade at a future 10 + PE making the PPS at around 10 cents...
Report card....
So I missed here on my 3Q prediction....
F 3Q 05 $818,116 ....$42,000 ... $860,116
A 3Q 05 $780,793 ....$37,615 ... $818,408
my final was on RB.....
Quarter Internet Retail Total Cost of Rev Operating Exp Other Exp Net Income YTD Net income
F 3Q 05 $827,847 $42,000 $869,847 $228,556 $380,000 $85,000 $176,291
A 3Q 05 $780,793 $37,615 $818,408 $229,075 $427,704 $45,105 $116,524 $344,334
Off 6% on Revs for a total $51K or might have nailed it.
After looking last night.. I think I mis-calculated churn...
Almost sure Revs from IDACOMM are in.... If not then we had organic growth. Odds are that is not the case here... plus in the revenue section of the 10Q, it does say Idacomm is included.
Month NB Subs BB Subs NB Revs BB Revs Monthly Revs
Jun-05.. 10,292.. 950.. $185,256.. $57,000.. $242,256
Jul-05.. 9,829.. 950.. $176,919.. $57,000.. $233,919
Aug-05.. 9,387.. 950.. $168,958.. $57,000.. $225,958
Sep-05.. 9,109.. 950.. $163,962.. $57,000.. $220,962
Total $220,962 + $225,958 + $233,919 + $100,000(Idacomm) = $780,840 and actual was $780,793...
Note: I use $18/month NB sub because we sell mostly premium NB and see price on sites.
What this means is that Churn was 4.5% last Quarter. This might make sense because Verizon cut BB price last Q to match SBC's deal. I think we are mostly in Verizon areas.
Yesterday's PR says "We have effectively doubled our annual revenue stream.."
So to check...
Month NB Subs BB Subs NB Revs BB Revs Monthly Revs
Oct-05.. 18,819.. 950 + 1320.. $338,744.. $99,000.. $437,744
which basically doubles revs... for this month...
Welcome all comments???
All IMO of course...
Think that much?
You folks think different then me on this issue...
the 4 million FRE got didn't make a diffence so why would this? Might agree with the pop like perry says...
Going to really make sure at the next shareholder meeting we get a clear picture of this treasury share stuff. In the past it has not meant that much to me.
elsieCat, Just noticed your mailbox message today. Seems that way.
Hey Simple, Just called the TA....
Our OS shares are now 86,013,305 and restricted are 34,843,805.
This was the results from when our CEO bought these shares and retired debt.
Thanks folks... I don't mind sharing....
Already see a mistake on my last post... Will correct and give final prediction soon for 3rd Q...
Some very nice post here...
A few buddies now own this stock... We all think another buy is required before we go up again...
Before buy... right now...
Yahoo Trailing P/E (ttm, intraday): 7.86
This year's EPS should be over a $.01, but we won't know until April '06 put PE at 5.5
elsicat... Here goes..
First I assumed 3.5% churn... I think FRE said lower at last chat but that was before DSL majors lowered prices. I say it will increase to above 3%. To calculate the subs.... We know biz to biz BB subs are about 950 and are $60/month X 3 months = About $170,000/Q. Take $738,736 2nd Q Internt revs - 170K (BB) = $567,736/3 months/$18 per month = about 10,514 for current subs at the beginning of 2Q.
IDACOMM is 1380 DSL and dialup 10,120. This is base on PR's and 8K. First PR said about 20% but then 8K says revs 500k/4Q = $125K/$30 per month/3 Q = about 1380 less 11,500 (PR subs) is 10,120.
BB is $125/Q and Current BB is $170K = $295K/Q and should have little, if any churn.
Now NB...
Quarter.. Month 1... Month 2..... Month 3... NB REVS
A 2Q 05.. 10,514.... 10,146..... 9,791..... $548,116
F 3Q 05.. 19,568.... 18,883..... 18,222.... $1,020,131
F 4Q 05.. 17,585.... 16,969..... 16,375.... $916,723
So Add the NB to the BB along with the Retail est....
Quarter..Internet....Retail..... Total
A 2Q 05 $738,736 ....$41,882 ... $780,618
F 3Q 05 $818,116 ....$42,000 ... $860,116
F 4Q 05 $1,316,131 ..$42,000 ...$1,358,131
Revs are easy... It's the cost that are tough. It will be interesting to see what the broker got. And they did double revenues.. at this present time only. But as churn continues to decline by same period next year, you won't see double revenues. Not until they buy another.
Assuming churn continues on current path and the company can put IDACOMM into.... with minimal increase in operational cost, you can see that 2006 will be a higher net Income vs 2005. I don't know the technical aspects of how to move 10K subs from a company like IDACOMM to SYTE but don't think it will be difficult. Stuff like billing, customer service numbers, server moves... etc. Also given the last two, they seem to move them into the fold pretty easy... and with same operating cost.
As for the RB post... Accumulating since July 2003... Not just me... I got plenty... LOL
ALL IMO!
Thinking this...
Quarter Internet Retail Total Cost of Rev Operating Exp Other Exp Net Income YTD Net income
A 1Q 05 $761,540 $38,849 $800,389 $209,331 $477,427 $41,564 $72,067 $72,067
A 2Q 05 $738,736 $41,882 $780,618 $205,111 $376,744 $43,020 $155,743 $227,810
F 3Q 05 $818,116 $42,000 $860,116 $226,000 $380,000 $85,000 $169,117 $396,927
F 4Q 05 $1,388,074 $42,000 $1,430,074 $371,819 $390,000 $85,000 $583,254 $980,181
eps of over a penny.... IMO... Give me another couple weeks before my final 3rd Q.... error +-30%
Think I'm crazy?
and we'll have the cash flow to make the IDACOMM payments due this year, in this year.. and from operations.... Then we'll have the cash flow cover the 1st Q payments before 2Q '06 is over.
Yep... buy now... fortune later...
Any questions?
$.08 would put us in the $6 mil mkt cap range....
For a growing rev company..... with profits.... in an industry in consolidation...
We are undervalued in a big way right now...
Notice the details for the deal in the 8K... Learned much in the past couple years...
Mr. Erhartic is the real deal. Knows the biz.. not some cable exec getting in the biz... FRE grew up in this biz... from a 16 yr old kid... With a finance degree at a very good school...
You flip... you risk being out for the next big run... maybe a .10 one... Waiting for the next PR....
All speaking from an stock investors perspective... not a daytrader... LOL IMO