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Thursday, August 04, 2005 1:20:25 PM
I already saw in the prs indications 2nd quarter was less than rosy.
To reach their estimates the pr once again shows growth in sales is needed.
Without growth in sales, they still claimed 1st quarter 3 cents when there was 16 million shares or less.
If actual 1st quarter numbers are accurate and the growth after July does not happen, then a case could be argued for 5 cents earnings for 2005 or 15 cents under new structure.
So nwau at 50cents-$1.00 in that scenario versus if current forecasts hold end of 2006 nwau $6 - $12+ or under new structure would be $20 - $40.
sam
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