PSP GURU

[HARVARD LAW]

There is another stock I am looking at that is very cheap. A company that's going to report over $144 million profit and still trading at a ridiculous low price. The symbol is APRO
APRO Predicts Gross Billings to Exceed $144 Million in Calendar 2009; Changes Fiscal End Year to December 31 05/03 07:30 AM

MARLTON, N.J., May 3 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services, Inc. (APRO:$0.0060,$0.0010,20.00%) said today that it is poised to report projected gross billings of $144 million for calendar year 2009. In accordance with GAAP and subject to audit, APRO projects reportable revenues of $47 million.
The company has also changed its fiscal year end to December 31.
CEO David Goldberg said that he is pleased with the preliminary figures on the 2009 performance and that 2010 also looks robust in sales and operations.
In other news, APRO announced today that it has completed its financial records audit for the three-month period ending December 31, 2008. Allegiant will report revenues of $1,162,838 and a net loss of $1,558,499. Due to the late filing of its Form 10K for this reporting period, workers' compensation liabilities were included through April 25, 2010, as such amounts were known as of the date of this release. This resulted in a charge to earnings of $1,064,000. The charges would not have been reportable as of the timely date for the conclusion of audit work. The resultant net loss would have been $494,499. Allegiant expects to file its Form 10K within three weeks.
Management is now working on closing the subsequent quarters of 2009 and hopes to be caught up with all financial filings by August 14, 2010.
Regarding the 2008 results, Goldberg said the problems of start up and consolidation of systems and procedures has been completed and looks forward to continuing improvement in the Company's performance in the future periods.
Allegiant Professional Business Services, Inc. (APRO:$0.0060,$0.0010,20.00%) provides staffing and PEO services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.