fyi...
IBES Estimates for the company project a loss of about $4.85 per share in 2003 and of $3.70 in 2004. Estimate trends for 2004 have been showing a positive trend over the last 6 weeks.
Cash flow estimates are -2.51 per share in 2003 and -1.61 in 2004. Not a bad improvement year over year. But given the stock run up of more than doubling since Aug. and the fact that the business model has yet to be validated, I'd say the risk/return characteristics of this stock are not really in your favor at this moment. I'd pass and reconsider when they are closer to being cash flow break even.
Quote:
Originally posted by LegendKiller
All in all, comparison of absolute numbers is almost worthless. Common sized statements and % trends quarter to quarter and year to year show a better picture. Since these are the only two companies to compare it is also harder to determine what a good industry average should be.
|
Sound advise here.