TMED.OB out with their 10K tonight. It looked like they had a strong Q4, but then I saw this:
From 10K:
NOTE 3. CHANGE IN ESTIMATE
Based upon management's review of the Company's inventories at September 30,
2004, which considered the inventory turnover rates and projected future usages,
management concluded that the reserve on inventories, which was primarily a
general reserve, required an adjustment to reduce the reserve by $290,000. As a
result, during the fourth quarter of the year ended September 30, 2004, the
Company reversed $290,000 of this reserve, which resulted in a decrease of cost
of sales and an increase in income before income taxes.
So it appears Q4 earnings were more like .015/share instead of the .03-.04/share they first appeared to be. Darn.