Value Microcaps Junior Energy

[Swick984]

LEA.V - I added to my position this morning at $1.01 or so. Their Q1 ending March is seasonally their strongest quarter so I'm expecting a pickup in sales from $8 mil plus in their Q4. I think you're estimates are pretty much in line with mine, except I have Q4 net income coming in at $2.1 million and EPS of $0.15. Q4 will still have a lower share count in the range of 15-16 million. In Q1, I'm expecting somewhere around $2.5 million in net income, which would be about $0.13 in EPS assuming 19 million shares out.

Another point to consider is that they have a $40 million NOL to offset taxes for the next several years... That alone should be worth $10 million or $0.50 per share as long as they can utilize it...