Shearson Financial Network (fka SHSNQ)

[Iwantmoney]

O.K. here it is:


* SFNN's Market cap today is $9.1M
* The company's net worth is over $48M
* Revenue for 3Q over $10.2M
* Total assets owned as of 30 Sept 06 = $84,433,397
* For every $100 million of acquired loan volume, Shearson receives $100,000 per month in incremental revenue = $1.2 million per year 50% falls to bottom line

* Mortgage loan pipeline is now $213 Million (As of Oct 11). Typically, the Company will close 50% of its open pipeline in any 30-day period. The Company typically earns revenue between 3% to 5% on loans it closes from its pipeline. (If my math is correct they receive roughly $3 to $5 Million every thirty days.)

* Company projects growth of 100% annually.
* A/S 500,000,000...O/S 240,112,210...Float 96M

Regarding SFNN - $63,000,000 in Revenues for 2005 generated by their recent acquisitions: (Allstate Funding, eHome and RPT)


Allstate Funding = 24 million + in Revenues for 2005

Real Property Technologies Corp. = approximately $24 million for fiscal year 2005

eHome CreditCorp- reported revenues of approximately $14 million for fiscal year 2005


Add that to SFNN's own 6.8m in revenues for 2005 and you come up with about 69.8m dollars or 17.45m dollars a Q if everything is spread evenly and if they are able to generate the same type of revenues agian......
Posted by: Iwantmoney & obi