IMPORTANT CONSIDERATIONS on the Quality of GROWTH....
Companies whose Revenue and Earnings grow fast, say 200 to 300% per Year, usually do so through acquisitions... The drawback is Dilution of outstanding shares and/or Cash expenditure and accumulation of non-tangible Assets, such as Goodwill that has to be amortized over a period of time, thus reducing Net Earnings....
SEVU's Revenue/Orders GROWTH of 1100% so far this Year is REMARKABLE in that it's all INTERNALLY Derived... So there is minimum Dilution and no accumulation of useless intangible Assets...
SEVU DUE DILIGENCE (up-dated)
SEVU has already experienced around 1100% GROWTH in Sales/Revenue AND Orders in the first 11 Months of its 2000 Fiscal Year, compared to $1 Million in Revenue, last year...
1) First 3 Quarters *Sales/Revenue and pending Orders amounted to about $6 million, while Revenue from shipped Goods came to approximately $4,440,000...
Period Sales/Revenue Orders
1st Quarter: $421,000 2nd Quarter: $1,520,000 3rd Quarter: $2,500,000 $1,500,000+ 4th to 11/27/00: $6,000,000+ Rounded TOTAL: $4,440,000 $7,500,000+ Please, note the Steady Sales/Revenue and Orders PROGRESSION towards the revised Goal of $23 Million in Sales/Revenue and Orders for the whole of 2000!
2) *Sales/Revenue and Orders are ramping up giving the following approximate aggregate results for year 2000 until 27th November....
$4,440,000 + $7,500,000 = $11,940,000
So, SEVU needs to Book another $11 Million in Sales and/or Orders, to reach its Year 2000 Target, which may or may not be achievable... In the meantime, compared to 1999, it has managed an 1100% increase and counting, entirely due to Internal Growth...
*SALES/REVENUE vs ORDERS: for the avoidance of any potential confusion, Revenue is recognized upon Shipping the Goods~~ However, since the Terms Revenue and Sales are often used interchangeably, for Goods sold in a Quarter for shipping into the following Quarter, the word Orders will be employed~~ So, over $1.5 Million of Orders received in the 3rd Quarter should become Revenue in the 4th....
Disclaimer: This is my interpretation of the recent filings and PR's and readers are advised to draw their own conclusions from the material available, including the SEC Filings~~ Extensive Due Diligence should be carried out: invest only what you can afford to lose.....
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