Replies to post #76981 on Value Microcaps Motherboard

[nelson1234]

houtheman PTG

Here are the posts on the VMC board regarding PTG in 2007:

http://investorshub.advfn.com/boards/msgsearchbyboard.asp?SearchStr=ptg&BoardID=3251&srchyr=...

[10 bagger]

PTG..
First they have an acting CEO..

Second they are not currently profitable and just because thier backlog is up why will they be..

Third they have used all but $1,133,412 of $15,000,000 buying back thier stock and it still has'nt moved.
.
Forth thier yearend earnings were 1/2 per share of the previous year's results..[with fewer shares outstanding..???)

Last in thier year end and 1'st quarter results they fail to show the number of shares outstanding...

You are actually lucky you came to this board because anything that you find on this board as a recc has to be better than this POS.. You asked,, hank

Len Yurkovic, Acting CEO of Paragon Technologies, commented, "Although we are disappointed in the first quarter 2007 earnings, we are elated by the 70% increase in backlog of orders, which lays an excellent foundation for financial performance for the remainder of this fiscal year. With the current year quoting rate up over 15% versus the prior year, I am confident that the 2007 annual revenue will exceed that of last year, with corresponding favorable profitability."

During the quarter ended March 31, 2007, the Company repurchased 55,850 shares of common stock at a weighted average cost, including brokerage fees, of $5.68 per share. As of March 31, 2007, $1,133,412 remained available for repurchases from the $15,000,000 stock repurchase program.

This was a waste of assets buying it's own stock back..Is that why the CEO is acting..???

[researcher59]

PTG was only barely profitable in Q2, although backlog is strong .....

Paragon Technologies Reports 2007 Second Quarter and Six Months Results and a Strong Backlog of Orders
Thursday August 9, 9:00 am ET

EASTON, Pa., Aug. 9 /PRNewswire-FirstCall/ -- Paragon Technologies, Inc. (Amex: PTG - News), a leading supplier of "smart" material handling systems and "software-driven" warehouse and distribution center solutions, announced today results for the second quarter and six months ended June 30, 2007.

During the second quarter ended June 30, 2007, the Company had net income of $11,000 or $0.00 earnings per share as revenue rose to $6.0 million from $4.8 million in the second quarter of 2006. The backlog of orders increased to $10.7 million as a result of the booking of $6.6 million in new orders during the second quarter of 2007. The Company's backlog of orders at the beginning of the year was $5.9 million.

During the first half of 2007, the Company had a net loss of $257,000 or a $0.09 loss per share as revenue rose to $9.6 million from $9.0 million in the first half of 2006. The rate of new orders rose during the first half of 2007 to $14.4 million compared to $10.4 million in new orders received during the first half of 2006.

Len Yurkovic, Acting CEO of Paragon Technologies, commented, "The 81% increase in the backlog of orders lays an excellent foundation for financial performance for the remainder of the fiscal year. Although we have returned to profitability in the second quarter, our earnings are below our ongoing expectations. During the second quarter, the Company was impacted by higher costs, primarily associated with increased pre-sales effort, strategic alternatives activities, and sales and marketing expenditures to support increasing market sector penetration, coupled with a change in the product mix of the business. With the current year order rate greater than the prior year, I am confident that 2007 annual revenues will exceed that of last year, with corresponding favorable profitability."

During the first half of 2007, the Company repurchased 99,699 shares of common stock at a weighted average cost, including brokerage fees, of $5.68 per share. As of June 30, 2007, $883,857 remained available for repurchases from the $15,000,000 stock repurchase program.