Aida Pharmaceuticals (AIDA): Quarterly report out today. http://ww...

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PaperProphet

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Thursday, 11/20/2008 11:09:15 AM

Thursday, November 20, 2008 11:09:15 AM

Quarterly report out today.

http://www.sec.gov/Archives/edgar/data/1220286/000107878208001646/aida10q093008.htm

Record revenues and earnings. Revenues of $11.9 million, earnings of $2.3 million, earnings per share of $0.08. That's organic growth with no unusual items. I don't know why this stock is only trading at $0.32 bid/$0.38 ask. It seems like the stock should be worth much, much more. I must be missing something.

They have around $30 million of short-term debt and maybe tightening credit might be an issue--I'm not sure. They had about the same amount of short-term debt last year at this time too and it didn't hurt them.

All and all, it was an extremely nice quarter and the coming fourth quarter has historically been better than the third quarter apparently as hospitals gear up for the Chinese New Year.