RE:Third Q earnigsI agree with you speedoflight. This company will be going a lot higher over the next year. Pivot is almost finished paying off the contingent consideration/merger costs associated with ACS, ARC, ProSys, and Sigma acquisitions which has flatlined net earnings. Almost all of the cash flow they've generated this year has gone to paying these charges. $40 out of $49M has been paid.
Next year they will earn between $30-$40M in EBITDA, and once the final payment is off the books, PTG will be earning 0.02-0.03 EPS per quarter on their current margins. They have a lot of debt, maybe they redirect some of that cf towards paying it down, but I see the company's value rising substantially whatever they decide.
Q3 may or may not be flat depending on how they deal with the remaining charges, but we are getting very close to breaking the shackles.
speedoflight wrote:
As previously stated the 3 rd Q earnings are estimted to be flat . This forecast
is from one analyst . Considering 2 nd Q net incme was almost .01 cent / share
and with estimated sales of $348 million in the third Q which is $44 million more tthan the
second Q. I would be very comfortable forecasting 3rd Q earnings to be between .02 and .04
cents per share excluding extraordinary items.
What do other investors think ?