DDS Wireless International Inc DDSWF

Not a joke but cheap!

[ddun]

It certainly looks like a joke, but it is not. When they announced revenue of 22 M, they had already announced 16M for the last 9 months. So that meant 6M for q4. Then they went through re-statement and revenues got added upfront from 2003 and subtracted from 2004 at the end. Looking forward, they announced approximately 19M of booked revenue for 2005 as of January 1st, 2005. So figure it out for yourself what they will do this year. If you subtract $1.60 in cash per share, that leaves $1.40 per share. If they earn 0.30 per share or more then the P/E ratio is less than 5! This Company has been profitable for 14 years.