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Re: jaybird249 post# 8197

Tuesday, 02/12/2013 1:22:09 PM

Tuesday, February 12, 2013 1:22:09 PM

Post# of 10804
Jaybird...DYNT...I owned it a few years ago, buying in the $1 range right before it ran up to $2 (and then slid back down). The CEO kept using statements like "groundbreaking deal" concerning their connections with the GPOs. Turned out to be b.s. I don't follow them anymore so perhaps things have changed.

One thing to look for in the SEC form (I just looked it up again as I remembered it from years before)---A provision of Obamacare may hit them: Buried in their last 10Q, "An excise tax is assessed against sales, not profits. Therefore, even in a year when we may have no profits, we will still owe the excise tax to the federal government. Barring a change in the statute, we estimate that this tax would be approximately $300,000 to $400,000 annually based on current sales levels". For a company with as lean of profit margin as they have historically had, this tax could be all their profits.

Again, I don't really follow but something to think about.

Dave

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