Replies to post #6132 on Veltex Corporation (VLXC)

[Rawnoc]

>> Am I wrong in asserting that by saying you will earn $3 per share and that net income will be approximately $7 million that approximately 2.3 million shares are still outstanding? >>

Yes, you are wrong. For the 20th time, earnings per share are reported not as the CURRENT shares outstanding, but as a weighted average number over a period.

There can, in theory, be over 100 million shares outstanding right now yet still report $3 a share on $7 million net income for 2004.

[SAMNOTSAMUEL]

JDW514,

Good discussion. What is your investment approach on such a difficult to judge stock. Do you recommend for those in to hold?

sam