Worldwide Energy and Manufacturing (fka WEMU)

[RyanW439]

Net income before tax for the quarter was 320K. That would mean ~90K for taxes at a 28% rate (I thought they said 28% combined tax rate), which would put net at 230K, or .06/share. Let me know if that doesn't sound right, or how you came to the .04/share.

Overall, while they did over estimate earnings considerably, the solar division grew substantially yoy. It was the contract manufacturing division that was very sub-par. I think that the company will continue to grow it's solar division and the stock is too cheap at current levels. Not happy about the lack of transparency with guidance but I just don't think this is the level to be selling the stock.