Here's a posts from Yahoo:
Third quarter 2010 highlights
Net revenues increased 9.6% to $8.65 million in the third quarter 2010
from $7.89 million in the third quarter 2009.
Gross profit increased 22.2% to $2.40 million in the third quarter 2010
from $1.96 million in the third quarter 2009.
Net income increased 17.8% to $1.66 million in the third quarter 2010
from $1.41 million in the third quarter 2009.
Basic earnings per share remained even at $0.09 per share in the third quarter 2010
from $0.09 per share in the third quarter 2009 on 29.9% higher weighted average basic shares outstanding in the third quarter 2010 than in the third quarter 2009.
Diluted earnings per share decreased 22.2% to $ 0.07 per share in the third quarter 2010
from $0.09 per share in the third quarter 2009 on 59.4% higher weighted average diluted shares outstanding in the third quarter 2010 than in the third quarter 2009.--urstockpick
ANOTHER POSTER:
I am watching this stock for the next floor. I expect to see 1.5 within the next 60-90 days.
Many discuss the book value but are not discussing the real problem here. The sales growth is falling rapidly. Yes they can produce more but they cannot seem to find customers to buy more.
Q1 sales growth of %112.9
Q1 gross profit growth of %177.6
Q2 sales growth of %27.3
Q2 gross profit growth 0f %49.8
Q3 sales growth of %9.6
Q3 gross profit growth of %22.2
The growth rate is slowing at an alarming rate. If this keeps up they would warrant a P/E of less then 4 since at the current pace we should expect growth in the single digits again next Q. A P/E of 4-5 is around 1.2-1.5/share.
The last quarter was not good and there is no other way to put it. The heavy dilution for the new facility outpaced growth so the stock should retreat further. I plan to repurchase around 1.5 or lower just incase they can surprise on Q4 but ultimately the analysts expect .09 per share profit and I think they may be too high. With how bad Q3 came out I would think .07 is more like it. --mikeymgd 11/17/10
ANOTHER POSTER:
Stockholders' equity $ 26,569,546 - Cash plus working capital
Diluted Share count = 23,770,000 shares
Per share Cash = $1.11/share
I guess as of today the business is worth less than $1.00 per the market? Crazy, I am going to start loading up here at these levels. This is an investment, what were people thinking that this was going to become an overnight BIDU? Give it time, these guys will be in the sweet spot soon, they are just getting going.--hedgfund_k 11/15/10
