More fundamental analysis...
Current:
PPS = .029
O/S = 133,362,000 (183,362,000 fully diluted)
EPS = .0194 (9/30/08)ytd
Market Cap = $3,867,498 (12/5/08)
Price/Sales = 3.4 (09/30/08)ttm
Price/Book = .85 (09/30/08)
Price/Earnings = 1.44 (09/30/08)ytd
Gross Margin = 57% ytd
Operating Margin = 24% ytd
Profit Margin = 28% ytd
Return on Equity = 35% (09/30/08)
Insider Ownership = 46% (fully diluted)
Revenue Growth (09/30/08)
yoy = 27%
qoq = 72%
Earnings Growth (09/30/08)
yoy = 185%
qoq = -10%
Estimates (4Q08)
Revenue(e) = $5,2000,000
Net Profit(e) = $750,000
EPS(e) = .025 (12/30/08)ttm
Price/Earnings(e) = 1.16 (based on closing price 12/05/08)
I'm expecting a lower than normal profit margin for 4Q08 due to expansion expenses in both the Media & Ad and TV entertainment segments. However, since some of these expenses will be non-recurring (similar to 3Q08) their profit margin will settle around 20-25% in future quarters, imo.
With significant revenue growth expected from the expansion into Malaysia and the developing TV entertainment segment, AAGH is an incredible value at this price level. This is not your typical penny stock. AAGH has consistently delivered on expectations and systematically strengthened their fundamentals over the past year. Prospects look very bright for 2009, imo. What a great value/growth play in a global recessionary environment!
