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Re: None

Tuesday, 09/27/2005 11:21:07 AM

Tuesday, September 27, 2005 11:21:07 AM

Post# of 173962
UCIA looks cheap under $3

UCIA is a solid growth story at a low PE. EPS of .40 pretax through 9mos of their September fiscal year, versus .28 the prior year. That's up 43% y/y. Revenues up 18% for the same period.

EPS of .11 for the June quarter versus .03 the prior year on a 24% jump in revenues.

I think pretax EPS is the proper way to evaluate earnings for this Company since they still have sizable operating loss carryforwards left to shelter them from taxes. So ignore the tax credits and expenses, it's just accounting ... they're not actually paying taxes.

Forward PE is around 6 on a pretax basis. That's very cheap for the kind of growth they've been showing, even on a fully taxed basis, imho !

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