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hweb2

04/13/05 2:15 PM

#9132 RE: lentinman #9125

Len, re CSTL

In the first 3 quarters of the year, they had a tax rate of 40%. So if you take the Q4 pre-tax income of $333K and apply a 40% rate, you're left with earnings of .05/share. Balance sheet is excellent with $1.27/share in cash. But considering the lack of growth, I think the stock is fairly valued around $3.


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researcher59

04/13/05 2:53 PM

#9140 RE: lentinman #9125

lentinman: CSTL

Excluding the tax benefit, EPS of .24 for the year with the stock at around 3, not a bargain imho. Fully taxed EPS of about .15, so arguably the stock is a bit overpriced with a PE of 20.