IPII Q2 earnings:
I agree with the following which is copied from IPII post #604 from Southacresdave on Raging Bull:
2nd Q earnings estimate....I'd figured last quarter 16M & 29 cents (that was my private estimate--no official post anywhere). This actually was low vs real #'s of 16.6M & 33 cents. This quarter I'm thinking they have a good shot at $20M in revenue. Last year they did 25% better revenue in the 2nd quarter vs 1rst (that puts us at 20.5M vs 16.6M for actual 1rst Q). The increase in building permits is supporting this. Add in the continual repair of hurricane damage, the increased capacity for manufacturing & most of all, a new sales center. All together, I think $20M is very doable. I put gross profits at 32% (vs 32% last 2nd Q & 31.5% for 1rst Q). If they sell more of their own manufactured product, margins should improve or stay the same. That gives us gross income of $6,400,000. Operating expenses of $3.9M (versus $3.8M 1rst Q & 3.9M last 4th Q---the two highest they've have). Minus off $100K for interest (after interest expenses are counterbalanced with misc. income). That gives $2.4M before taxes. Figure fully taxed (x .60) = $1.44 M net. Divided by 2.50M shares = 58 cents/share. So those are my numbers. $20M Revenue $ 58cents/share. (If they came in below this I'd be disappointed because I think $21M in revenue is actually a more accurate #, but I'm conservative.) After that, I'd actually put 3rd quarter numbers (if no hurricane slows sales down) at slightly higher due to the sales center being more established. Even if a hurricane hits, it'll only add to sales further down the line.
