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gilead23

09/28/05 9:38 PM

#23964 RE: riskanalyst #23962

risk avso

Yes the PR did point out the one time gain from january but I based the purchase on the current numbers and what was admittedly a cursory review of the income statements

If you look at the trend
sales have been growing steadily
margins have been improving (last quarter being the exception)

And they finally went from what would have been a modest profit in q3 if you excluded the one time to a substantial profit this quarter.

Revenue also grew sequentially without the onetime.

This was also a weak seasonal quarter for them as is q1 but if they earn .05 in a weak quarter they should do better in a strong one.

In any case Im not in love but it does look like a pretty good value candidate to run some from here.