InvestorsHub Logo

uncleremus

11/02/08 11:37 AM

#81234 RE: jas1n #81226

I understand their growth model but was commenting on DR's unreconcilable revenue and eps numbers which I got from yahoo. If you assume 55 million in gross revenue and 14.5 for the 3rd quarter than you're talking about a 23-25 million 4th quarter which is unlikely. However if these numbers did come in why would you have a loss of 2 cents a share for the year. The operating loss for the 2nd quarter of 1.8 million would turn to a 4-5 million operating gain for the 4th. Similarly if you assume revenues of 14.5 million for the 3rd and eps of .01 for the quarter and add this to 4th quarter projections, the likelihood is that this number will be greater than the losses in first and second. Keep in mind that there were less shares around in the first and 2nd Q's so the eps has less impact then the 3rd and 4th Q's. Since the bulk of the debt has been addressed and purchases of new rov's and ft expansion to be depreciated I don't see ovewhelming impacts on net income like we saw in the 2nd quarter. Also of note I perused the conference call transcript for OII and they were laying off some workers in Britain that manufactured umbilicals but over a longer term they were bullish