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Re: MikeDDKing post# 4366

Wednesday, 11/08/2006 10:15:24 AM

Wednesday, November 08, 2006 10:15:24 AM

Post# of 5965
Mike, I agree. The pro-forma numbers look pretty good for TCLL. First half numbers:

Rev: 938MM
Pretax: 20.9Mm
Adjustement: -3.62MM (one-time gain)
Adj pretax: 17.3MM
pf tax rate: 35%
Adj net: 11.22MM
FDS: 227MM
eps: 0.05

Annualizing, we have a 0.10 FY06 eps. Management believed that its second half would be similar to its first half, according to comments in the Q2 10Q.

Let's be conservative and assign this a 8x forward multiple and I think 0.80 might be realistic for a target price. I nibbled a little bit this AM. Volume seems to have really dried up.
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