Post by
TheRock17 on Jun 02, 2007 7:45pm
TLF Cash Flows $1.35 M in Q1
Q1 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..
Comment by
TheRock17 on Jun 08, 2007 7:44am
Go to Sedar for those details.
There are 19.5 million shares o/s and fully diluted as they dont have options.
The bulk of the shares are held by insiders and it is hard to get oral updates.
Howver, there is very good value here and at some point they will want to monetize their shares.
A takeout would do just that, which is why I continue to hold..
Comment by
jagdipdave on Jun 08, 2007 2:16pm
Thanks a lot, Rock!
Lots of luck!