Replies to post #2730 on Readen Holding Corp. (RHCO)

[CoodBMoney]

Haven't had time to read the details. I was simply focused on one, actually two numbers. Revenue and Net Income. With what the company has been doing up to this report, I have been waiting to see an increase in revenue and so far it has not happened. Glad to see they are still posting a profit, but no matter what, you cannot post significantly larger profit unless you generate significantly larger revenue...

[CoodBMoney]

Regarding the Financials, already stated my disappointment in lack of Revenue growth. But besides that, the report looks good to me for what they did.. Cash went up almost 5 million and total assets as well as shareholders equity went up about 11 million. If my math is right, and using $.18 as the closing price, the company has a book value of about $.493 or $.473 if you want to subtract the 5 million "goodwill". That gives you a Price/book ratio of either .365 or .38. Anything less than 1.00 means stock is undervalued and you're buying at a discount to book value... Hope you are right about the revenue from the transition metals kicking in soon. Have been waiting to see anything regarding that transaction show up as news or in the financials.....