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researcher59

07/13/07 12:27 PM

#76357 RE: riskanalyst #76352

riskanalyst: re SMTX, those EPS figures include large non-recurring gains and tax credits. You need to look at the 10Q's and 10K's.

Just a quick look at Q1 shows a large tax credit accounting for over 50% of the EPS. Pretax EPS was $0.08. On a fully taxed basis, just $0.05 per share.

For 2006, reported EPS was $0.70, but exclude the tax credits, non-recurring gains and disc ops, it was $0.34 .... untaxed ! At a full tax rate EPS was only $0.20 last year.