Phosphate Holdings Inc (PHOS): Nov 12, 2009 (BUSINESS WIRE) -- Phospha...

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zomniac

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Tuesday, 01/12/2010 9:33:49 AM

Tuesday, January 12, 2010 9:33:49 AM

Nov 12, 2009 (BUSINESS WIRE) -- Phosphate Holdings, Inc. (OTC: PHOS), today reported third quarter 2009 earnings of $0.7 million, or $0.09 per diluted share of common stock, compared to earnings of $12.6 million, or $1.56 per diluted share of common stock for the same period in 2008. Net losses for the nine months ended September 30, 2009 were $10.7 million, or $1.40 per diluted share of common stock, as compared to earnings of $54.6 million, or $6.75 per diluted share of common stock for the same period last year.

2009 earnings of $0.7 million
Year ago earnings $12.6 million

WOW !
That sure looks terrible.
But, this looks poised to go 3X if things go right.
I'd target this @ 30 for a $10 stock
IF
things go right

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