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[jaybird249]

SMTX Q3 earnings: Based on facts on SMTX public record:

-SMTX just annnounced $.09 EPS for Q2 2006 and PROJECTED HIGHER EARNINGS FOR THE REST OF 2006 in August 4 earnings PR:
"We expect continuing revenue growth in the last half of the year and increased net income."

-In the August 4 Conference Call, SMTX forecast double digit revenue growth in the second half. Just 10% above last year translates into Q3 revenues of $71M. WITH 10% MARGINS THIS WOULD GIVE Q3 EARNINGS OF AROUND $.15 PER SHARE.

-Q3 2006 Earnings will be further improved by a $2.7 MM tax refund and a $1 MM sale of Texas land. THESE TRANSACTIONS WILL CONTRIBUTE $.15 TO $.25 PER SHARE IN INCOME IN Q3 2005.

CONSEQUENTLY TOTAL Q3 EARNINGS IN THE RANGE OF $.30 - $.40 PER SHARE.

SMTX ANNUAL EARNINGS SHOULD CONSERVATIVELY BE IN THE $.50 - $.60 PER SHARE RANGE: SMTX is trading with a 5 forward PE compared to the Industry average of 17.