Monday, November 14, 2005
more companies
MRGG, inactive company pursuing mergers. Assets are 100% goodwill.
not interested
PCYN, bandages and related stuff, also diabetic supplies. Unqualified audit opinion. Fairly healthy balance sheet. 75% gross margins. 11% operating margins. Benefit from taxes. Earned 4 cents diluted in 2004 (3 cents in 2003). Free cash flow is more like 2.5 cents due to deferred taxes and inventory. It was a lot worse in 2003. Worth about 35 cents. Selling for 55 cents.
worth following
PDGE, asbestos and other hazzardous stuff removal. They seem to average about 5 cents diluted per share over the years. 2005 was a big year with 19 cents diluted, but 2002 was a bad year, losing 17 cents. Assets are mostly contracts receivable with some heavily depreciated PP&E. Balance sheet is ok. Gross margins are pretty low at 16%. Net margins are about 4.3%. Cash flow is consistently terrible.
not interested
PDSV, documentation services to the mortgage industry and financial services. Unqualified audit opinion. Solid balance sheet with zero liabilities. They earned .7 cents this year, lost 1 cent last year on higher revenue due to consulting costs (paid in stock). Cash flow is good. Probably worth 10 cents. There are no transactions registered on Yahoo or Pink Sheets or OTCBB. Oops, they did a Chinese reverse merger with "Happy Times Media"
worth following
PFIT, Hong Kong and Shanghai fitness and beauty centers. Low margin buiness, they lose money about as much as they make it. Equity has been dwindling away.
not interested
VLDT, Japanese reverse merger. Details not out yet.
not interested
VDXH, changing to women's health care. Details not out yet.
not interested
not interested
PCYN, bandages and related stuff, also diabetic supplies. Unqualified audit opinion. Fairly healthy balance sheet. 75% gross margins. 11% operating margins. Benefit from taxes. Earned 4 cents diluted in 2004 (3 cents in 2003). Free cash flow is more like 2.5 cents due to deferred taxes and inventory. It was a lot worse in 2003. Worth about 35 cents. Selling for 55 cents.
worth following
PDGE, asbestos and other hazzardous stuff removal. They seem to average about 5 cents diluted per share over the years. 2005 was a big year with 19 cents diluted, but 2002 was a bad year, losing 17 cents. Assets are mostly contracts receivable with some heavily depreciated PP&E. Balance sheet is ok. Gross margins are pretty low at 16%. Net margins are about 4.3%. Cash flow is consistently terrible.
not interested
PDSV, documentation services to the mortgage industry and financial services. Unqualified audit opinion. Solid balance sheet with zero liabilities. They earned .7 cents this year, lost 1 cent last year on higher revenue due to consulting costs (paid in stock). Cash flow is good. Probably worth 10 cents. There are no transactions registered on Yahoo or Pink Sheets or OTCBB. Oops, they did a Chinese reverse merger with "Happy Times Media"
worth following
PFIT, Hong Kong and Shanghai fitness and beauty centers. Low margin buiness, they lose money about as much as they make it. Equity has been dwindling away.
not interested
VLDT, Japanese reverse merger. Details not out yet.
not interested
VDXH, changing to women's health care. Details not out yet.
not interested
// posted by Bruce @ 7:40 PM 
