Post by
TheRock07 on Nov 30, 2007 7:24am
Q3 Financials
These are now on sedar and in gist....
....Sales were $7 million for the quarter, down slightly from 2006
....sales of $22.5 million for the first 9 months,about the same as for 2006
....income from operations ,before one time losses resulting from the sale of certain capital assets , was $725,000 for the quarter,and $1.9 million for the first 9 months
..cash flows of $1.1 million ( $0.05 ) for the quarter and $3.2 million ( $0.16/share ) for the first 9 months
....debt paid down by a further $1.35 million
....cash flows suficient to meet all obligations and is within its debt covenants.
This is an excellent report, and had not they used the one time losses on the sale of certain capital assets, to forestall income taxes, net earnings for the first 9 months would have been over $1 million and about $500,000 ( 2.5 cents/share ) for the third quarter ( as it was, they had net earnings of $230,000.
For the year, TLF is likley to cash flow about $4.5 million or better than $0.20/share and should be able to continue to pay down its debt, which is well within the normal debt/cash flow ratios.
Where else can you find a stock with about $30 million in sales and trading at just 1 times cash flow ?