Replies to post #60294 on Value Microcaps Motherboard

[2morrowsGains]

FTK, (sadave)...The tax rate is figured in. Triumph has a nine month EBITDA of $2.8M. Add approx $1M for Q4 and you have $3.8M for the year.
$3.8M minus 38% (tax) = $2.35M.
$2.35M divided by 9M shares = $0.26.
Add a little for growth and take away a little for interest. Should be close.
I'll double check my #'s later.
Gotta run. Be back later.

[2morrowsGains]

FTK...(sadave)...Things become a little clearer after seeing the bottom of the PR. (Never made it that far yesterday. LOL.)
Anyway, I think you are absolutely right, this was a great acquisition to integrate into the company...Flotek will be introducing their Petrovalve, Gas Separator, Chemicals, and Microemulsions to a whole new crowd of drilling contractors, directional drilling companies, and major independent operators in Texas, New Mexico, Louisiana, Oklahoma and Arkansas.
The Triumph acquisition will no doubt help take Flotek to all new levels in 2007, as it also positions the company to take their drilling products off shore.