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Mike2112

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Mike2112

Re: fizzlegig post# 8185

Thursday, 12/22/2005 2:40:17 PM

Thursday, December 22, 2005 2:40:17 PM

Post# of 79921
Regarding Progas..imo Don't get hung up on the profit. It was a private corp and I think they did not want to show too much profit. I would be interested to know what their salaries, bonuses, etc. were while private. I would not be surprised if going foward we get 2-3% margins on revs. Also rumored (I say rumored because they haven't PR'd it) is that Progas signed two more clients adding almost 120m in revenue to the existng $190m. Also they will be invaluable working in concert with our oil and gas acquisitions going forward. That is where the real value of Progas is. Not the profit....though that is a nice added bonus.
They are just another piece of the puzzle...



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