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SAMNOTSAMUEL

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SAMNOTSAMUEL

Re: abh3vt post# 13534

Friday, 06/10/2005 12:36:54 PM

Friday, June 10, 2005 12:36:54 PM

Post# of 173859
VPHM 1st qtr earnings,

I am not getting 15 cents this time around when I attempt. Let me say that until earnings are seen for another quarter or 2, people don't know exactly what to expect.

17.4 Million net income - 6 Million - 3.6 million = 7.8 million normalized net income without a price increase of 26%.

7.8 million / 57 million fully diluted I think = almost 14 cents.

Even if this company earns just 70 cents per year going forward and a pe of 25, both too low I think we will be sitting pretty.

sam
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