Value Microcaps Motherboard

[jaybird249]

ANTP Fair value $15 Minimum IMO. Astute investors who read the 10Q will discover the following:

$3.5 / share woeking capital
-Large real estate holdings- many ANTP investors on Yahoo say is worth at least $10 Million.
-Next quarter will be $3 MM + sales as well. From 10Q, 70% of $3.1 million backlog delivered in Q4. Thats $2.2 Million on cost basis- applying 40% margins gives $3.1 Million MINIMUM sales for Q4 without pass through revenue.

The combined backlog of firm orders at Antenna Products Corporation and Phazar
Antenna Corp. was $3.1 million on February 29, 2008. This compares to $2.3
million in backlog on February 28, 2007. Approximately 70% of the $3.1 million
in backlog will be delivered in the balance of the 2008 fiscal year.



Thats already 2.2 million in revs right there! excluding other sales. Vs q4 of 2007 revs of 1 million.. looks like year over year growth of 250-300% coming. I'd say thats good guidance