SwingTrade Member Forum

[MikeDDKing]

The EGAN PR this morning indicates fiscal Q1'11 (September quarter) earnings will be roughly $0.19/share. Those are monster earnings for a company that last traded at $1.15/share. Also, there was a comment in the 10-K that indicated that there are a number of large transactions that are expected to hit in fiscal 2011. The 10-K stated: “The decrease in fiscal year 2010 was primarily due to the length or unpredictable nature of our sales cycles resulting in the delay in the completion of a number of significant customer transactions until fiscal 2011.” Furthermore, I believe that the devaluation of the US dollar will help earnings going forward. I haven't had a chance to investigate this yet.