RGMI : I believe their NOL carryforwards were ($4,884,000) as of 12/31/05. At the rate they are going, that would be about 2 more quarters of untaxed earnings. Also, I believe their filing extension lasts until 05/30/06.
I do agree that EPS of $0.05 for the quarter is reasonable.
Please correct me if I'm wrong.
"This strong surge in growth for the first quarter is fueled by the vast amount of insurance restoration work from 2005, which we will continue to work on throughout the remainder of 2006," commented J.E.(Ted) Rea, CEO of RG America.
RG America First Quarter Highlights:
February 8, 2006 - RG announces the signing of two additional
restoration contracts in excess of $2.3 million by its subsidiary, RG Restoration, Inc.
-- February 22, 2006 - RG currently working on contracts in excess of $30
million, with $8-12 million in contracts in the pipeline.
February 28, 2006 - RG retains Rubenstein Investor Relations, Inc., to assist the Company with Investor Relations.
-- March 6, 2006 - RG announces the signing of an additional $6.5 million restoration contract by its subsidiary, RG Restoration, Inc.
-- April 4, 2006 - RG sends personnel to storm ravaged areas of Tennessee.
-- April 19, 2006 - RG announces record fourth quarter and 2005 year-end financial results, including net income increases of 191% over 2005.
-- May 2, 2006 - RG retained by Midwest Insurance Carrier to perform pre-loss roof inspections for $74 million commercial real estate portfolio in anticipation of hail season.
