Saker Aviation Services Inc. (SKAS)

[RNsidersbuying]

Is SKAS an indirect oil play - from the Q2 8/14/12 filing -

We generally price our fuel products on a fixed dollar margin basis. As the cost of fuel increases, the corresponding customer price increases as well. If volume is constant, this methodology yields higher revenue but at comparable gross margins.

INCOME BEFORE INCOME TAX EXPENSE 529,422

INCOME TAX EXPENSE (263,000)

NET INCOME $ 266,422

Will SKAS better that .008 eps number from Q2/12, probabilities are good? When might SKAS reduce that enormous 50% income tax number - soon perhaps??