RE:Earnings of 119k for the 3 months ending Dec 31 2016Hi folks,
In regards to the TTZ financials just released (Oct-Dec 2016), it's probably noteworthy to point out that $82,000 of G&A is stock based. If this non-cash value is removed from costs, then the net income for Q2 comes in at about $202,000, which in turn is equivalent to $.008/share.
The gist of this is that even if the remainder of the year is half as good (adding an incremental $.008/share, or $0.016 for the year), then todays price of $0.23 suggests a multiple of roughly 14x earnings. On the other hand, if they can do one more good quarter and one more mediocre quarter (adding an incremental $.012/share, or $.02 for the year), then todays multiple comes in at 11.5x earnings. The long & short of all of this is that TTZ may still have significant legs.