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Replies to post #14820 on $THE WAVE (WAVERIDER$)

Replies to #14820 on $THE WAVE (WAVERIDER$)
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machiavelli01

06/15/12 8:15 AM

#14821 RE: AliAngel #14820

mornin dave and wave riders
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DOLLARLAND

06/15/12 8:39 AM

#14822 RE: AliAngel #14820

WNRC Financials released yesterday. Nice improvement year over year:

Year 2010

$168,018 in revenue
$39,574 in net loss

Year 2011

$2,655,799 in revenue
$517,625 in net income

O/S is 38M, but they are about to cancel 6M shares, bringing the O/S down to 32M. That's an EPS of .017. WNRC trades at .09, so the P/E is just over 5!