10k buyzie buy10 Sep 2010 12:15
10/09/2010 10:22:59 69.00 10,000 O 6,900.00
now results are coming and they are going to show a profit. how Much? we dont know but judging by the past performance should be decent. last year was when oil prices plummeted but looking at other years we can take a stab.
Year
2002
Year
2003
Year
2004
Year
2005
Year
2006 *
Year
2007 *
Year
2008 *
Revenue $7.6m $8.6m $11.0m $19.0m $21.1m $27.3m $32.8m
Gross
Profit $1.9m $3.2m $5.3m $9.3m $9.5m $13.8m $17.3m
Profit
Before Tax ($1.9m) $0.8m $3.1m $4.8m $4.7m $8.9m $9.9m
Year
2009 *
$22.2m
$8.3m
$2.7m
Long-term stability with no recourse to bank debt
12
Net Income ($2.5m) $1.0m $2.6m $4.1m $3.5m $7.0m $7.3m
Capex $2.8m $4.4m $8.7m $18.5m $15.2m $13.3m $22.7m
Total
Assets $56.1m $56.8m $63.7m $82.5m $95.2m $103.9m $116.6m
$0.7m
$6.4m
$116.0m