TLF Cash Flows $1.35 M in Q1Q1 was a very good quarter for continueing operations ( ie excluding NW which was recently sold ).
Net earnings of $280,000 ( $0.015/share ) on sales of $7.8 million.
Actually, net earnings would have been about $650,000 ( $0.033/share ) had it not been for a one-time loss of $539,000 for discontinued operations.
TLF cash flowed $1.35 million or about $0.07/share in Q1.
Q2 should be another solid quarter, and considerably boosted in earnings by the $5.5 million in cash that they received for the recent sale of NW.
At the current rate, TLF is on track to meet or exceed my call of $0.07/share in net earnings and a cash flow of about $0.15/share.
I will continue to hold for the buyout,esp now that the balance sheet is quite strong..