Jaybird- AAGH
Forward PE of 2? They made $.0155 in the June qtr(the company rounded it to $.02), and according to the 10Q there is seasonality with the Sept qtr coming being their weakest. Also, the June qtr appeared to be their strongest qtr for 05 and 06, so we can't possibly take the $.0155 June qtr 06 and annualize it to get to a going forwrad EPS that means anything. In fact, the June qtr 06 is their first profitble qtr in the last year. The way I see it, the company has not proven that it can sustain profitability yet, so I wouldn't even attempt to give it a PE going forward. Wade