SwingTrade Member Forum

[Trent Blair]

ANDR Check out this stock. It's about a $10 million market cap stock. Did $7 million net income last quarter. From the 10-k they had to pay off over $3 million in debt to start generating cash. Subsequent to the end of the year they added over $2 million in cash to the balance sheet. So I think they did over $5 million in net income for the 1st quarter. That would be $12 million in net income for a $10 million market cap stock. Now I don't think earnings are sustainable but they should show a net income in future quarters. This is more of a hold through earnings and sell for maybe a 50-100% profit trade. Their balance sheet should have about $7 million of net assets on it.