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Re: None

Monday, 04/24/2006 1:39:02 PM

Monday, April 24, 2006 1:39:02 PM

Post# of 173860
BBC...Back into BBC today. Here's why...

Management stated in their 2006 guidance that they expect to double their sales this year while targeting net margin of approx 30%. That would put them at $62M for the year w/ earnings of approx $18.5.
$18.5 = approx $1.00 eps.
They stated they have no plans to dilute the existing share count of 18.2M (fully diluted) and that they're capable of sustaining rapid growth into 2006 and 2007.
The clincher is that Bodisen's two new manufactuing plants come on line later this year and they believe that 2007 sales could double compared to 2006!! That would equal approx $124M in revs w/ an eps of approx $2 for 2007!
They pay no taxes until 2008!
Not bad for a $14.50 stock with this kind of growth. This is definitely a L/T hold so I'll accumulate on dips. (Gotta start looking more at long term stocks or taxes are going to eat me alive.)



The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.

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