Traderfan after carefully going through the numbers o/s shares and tax increases I believe EPS will be flat to slightly down for 2010. While I expect the N.I. will be higher it is going to be just too much to overcome the higher taxes and share dilution this year. Earliar I had mentioned earnings would be flat to marginally higher. Unless they have a blowout division which is very possible I see NO chance than we can beat last years numbers. Let me also make this clear, this is really possible especially if the 3,000 stores sell product.
After reviewing Q3(09) and the reversal of doubtful accounts of $492K it is going to take much more revenue than I come up with to overcome the forementioned.So I actually believe earnings come in .01 less than last year.
In all reality anything over $10Mil is acceptible and a very legit number for the Q. My blowout revenue number is $12.5 MIl and anything near that and $3.00 will come very quick. I do believe 2011 will be their year barring any dilution that has already been factored in. Gonna hold the shares I have and see what happens. My estimate is for .14 fully diluted and even this could prove high. GLTA