Hartcourt Companies (fka HRCT)

[drlvanb]

OLD Dog, There is one point to Imans 300 million revs requiring a 23% margin or 70 million in profit. Others don't match.

Netease, Sina etc: about 26 million in revs per qtr (100 million per year) and 7 million profit per quarter and about 1/3 of our shares. They are all in the $30-45 range. Adjusting for our 3x OS gives us a share price of $10-15 per share at about 7 million profit. That would figure that at 1 million profit per quarter we should have 1.50 to 2.50 per share price.

One thing I know is that the hardest thing to get is revs. Profit comes from internal corrections and watching your cash flow and consolidation. HRCT has the revs (195 million in 2002) Assuming a 2% improvement in margin due to bulk buying/ads and other corrections gives about 4 million per year profit improvement. I think that could come fairly reasonably with 1 year.

Why Iman do you require so much more from HRCT that what the market demands of the others??????? Pessimissim is great to remove the rose colored glasses but seems placing a higher mark for HRCT would be unreasonable.

JMHO

Lorrie