Replies to post #2585 on The PennyShac

[Lazarus]

well we celebrated 26 years of marriage...

at home tonite. i cooked filet mignons wrapped in bacon with giant fresh water prawns and corn on on the cob all cooked on the BBQ along with deli-bought potatoe salad and a bottle of cab.

after which i fell to sleep on the couch -- and then woke up just awhile ago and went into my office to close up when lo and behold i found the envelope from Coeur d' Alenes [CDLA]with the financials sitting on my desk.

everything looks VERY GOOD.

first off it appears that the company bought back 26,457 last year.

stockholder equity is .68 per share

sales for the 6 months ending March 25, 2004 were $7,610,320

eps for the 6 months ended March 25, 2004 was .042

so if the company stays on this track it is likely to have annual sales of approx 15 million with EPS of approx 8 cents.

NOT TOO SHABBY!

now i ask --- how does a company like this end up with a bid of 10 cents and a market cap of $500k???

recently i was joined on the buy side [after i picked up 50k at .15] with about another 30k of buying through 30 cents. i dont know who that was but i SUSPECT that it was the company buying back more shares before they sent out the financials. i will have to wait 6 months for the next financials statement to be released in order to find out.

current b/a = .20 x .40

Lazarus