P10 Industries Inc. (PX)

[chemist72]

In addition to AUM growth, the $8.9M "income tax benefit" recorded at the end of 2018 is no small potatoes either.

I'm guessing that this "income tax benefit" is related to PIOE's NOLs. I'm no accountant, so this is just my own personal guess.

Quarterly numbers for 2019 should continue to be impressive, especially when compared to the same quarters in 2018.

Any revenue positive moves that PIOE might make in 2019 would just be "gravy" on top of the $42M (revenues from AUM) that I have already projected. With similar operating expenses as in 2018 ($26M), we could be looking to at least $16M in earnings without any income tax benefit!

Also, with the kind of cash growth I'm envisioning, PIOE could easily initiate dividends soon. If not in 2019, then surely in 2020. - imo