Polaris International Holdings (PIHN)

[TownScapes]

I have been so baffeled by the price action of this stock that I called Chuck and asked him directly, "If Staff IS was acquired on October 1st instead of November 1st, the latest quarterly report would have shown a net profit, right?" He answered, "Yes". I also asked what the company intends to do with the $337,000 worth of cash on the books, and with the new net profits. He was very clear that company growth is THE focus of management, with acquisitions and even share buybacks as possibilities.

I would have liked yesterday's PR to have done a better job of making it clear to investors that this company is now generating net profits of over $100,000 every month.

Revenues of $722,254 for two months plus one more month's rev's = $1,083,381 worth of rev's for the quarter. Subtract $750,153 worth of expenses for the quarter and you get a net profit of $333,228.
Multiply by 4 quarters and you get $1,332912 net profit for the year. Divide by approx. 3.8 bil. outstanding shares and you get .00035.

.00035 X P/E of 10 = share price of .0035
.00035 X P/E of 15 = share price of .0053
.00035 X P/E of 20 = share price of .0070

Throw in an acquisition and it seems like a penny is a real possibility.

Someone asked who could be holding shares from the tripps that didn't sell into the last run. The answer is ME. That was a mistake, no doubt about it. I guess it sucks to be a "big picture" guy.