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Re: Ubertino post# 18

Monday, 06/04/2007 3:44:27 PM

Monday, June 04, 2007 3:44:27 PM

Post# of 145
I agree. certainly not less than 5 times, even if the market is waiting for a second quarter to confirm the turn around. Here's the deal though. They not only had a 2 cent profit, but they also paid down more than $1 million of the long-term debt. If that is the case, and I am interpreting the financials correctly, then throw in that pay down and earnings were actually 3 cents.

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