Emerging Vision, Inc. (fka ISEE)

[emulwa]

I can tell you why ISEE looks better than CPNE.
ISEE already has a positive EPS of 0.02 before the Acquisition. CPNE was on the red before the Acquisition. ISEE is acquiring a company with with revenues of about $37M. CPNE first acquisition was had revenues of about $7M. ISEE is in a steady industry where the flow of revenues is easily predictable. CPNE is in the internet services where the flow of revenues is tricky (no wonder they've been bouncing between $1.50 and $3.50 due to lack of consistency in flow of income, but atleat they got off $0.20 after the Acquisition). Currently ISEE is trading where it is supposed to be trading at before the acquisition (EPS 0.02 x PE 20 = ~ .40). When this acquisition kicks in, the revenues included will be about 500% of what ISEE is generating right now (ISEE has revs of $8.3mil, while the new company has $37mil). Combining both figures, we should see and EPS of between 0.1 to 0.2, depending on the gross profit margin. Thus, giving us PPS of between $2 and $4 by the next coming Quarter on the consolidated financial statements.