Phoenix Associates Land Syndicate (fka PBLSQ)

[valueseeker666]

Poeple who expext $20 Mill. in 2006 profit will be disappointed.
PA is always way overoptimistic. Best Jets had annual sales of $17 mill. when PBLS bought it, most of it in the low margin jet fuel business.
And PBLS bought it only in the third quarter.
PA said because of Best Jets we think we can have $ 20 mill. PRETAX income. That statement makes no sense because of the above.
Where is that supposed to come from? From selling a few million $ of jet fuel?
And the gravel pit was not very active last year.
As I said before, 1/2 cent in aftertax EPS is realistic for 2006 and 1.5 cent (20 mill. pretax, pre-pref. div.) for 2007.
I am long this stock, but I am afraid poeple get so far off the ground they will be disappointed.