Thoughts on Earnings
Bottom Line upfront: I like the direction this company is headed.
All of their numbers seem to be heading in the right direction. If growth were to continue at the current rate, they could be profitable for 2008.
I was a little disappointed they didn't offer any forward growth estimates. That said, they have demographics on their side in Asia, and I'd expect them to continue to make solid progress. I plan to hold at least for another month until we get the Q1 10Q and will also be looking for some more insider buying at current levels as a sign management is confident in their business.
Hopefully, the PR gets some action going tomorrow, although I don't think this is going to be a get rich quick play. I'd be happy with a steady rise towards $0.10 as we get towards the next earnings report, which would set us up for a nice pop into the $0.20-0.25 range if revenues and earnings continue to accelerate in Q1.
GLTA,
Murocman
