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Although LIOX beat estimates by 4 cents, coming

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Vipyr   Friday, 08/06/10 04:16:06 PM
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Although LIOX beat estimates by 4 cents, coming in at 8 cents per share, its revenue forecast for the next quarter was below analysts' consensus, and they beat up the stock.

It just goes to show you how fickle Wall Street really is. First of all, the company's earnings were fabulous, at $4.6 million. Not only did they beat estimates, but they beat the pants off last year's second-quarter results, which were a loss of $248,000. And it was the highest net income ever posted by the company. Next, revenues climbed 7%, to $104.9 million, higher than the $103.5 million consensus forecasts.

And LIOX ended the quarter with $28.9 million in cash, or 48 cents per share, a very healthy position in which to tackle the coming opportunities from the recovery.

Management of LIOX noted that customer demand is strong, and they are improving profit margins. But the company's third-quarter revenue estimate of $98 million-$102 million fell a little short of the $104.8 million analysts are forecasting. LIOX said is it because there is traditional seasonality in the third quarter and that's pretty normal for tech companies, too.

So pshaw to the analysts! We know this is a good company. This volatility just gives us an opportunity to buy shares at a very undervalued price. Buy LIOX under a new price of $5 and I am raising my target to $8.

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