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IBDvalueinvestin (98.48)

$3.29 dollar stock posts .90 EPS its called MEG



July 22, 2009 – Comments (2) | RELATED TICKERS: MEG

Its now a lean mean machine going forward.

2 Comments – Post Your Own

#1) On July 22, 2009 at 11:03 AM, IBDvalueinvestin (98.48) wrote:

It got rid of non performing division and now its income from continuing operations before taxes was $3.8 million in 2009's second quarter compared with $2.6 million in the year-ago quarter.

They were able to increase income by $1.2M with a leaner company.

This is going to be one heck of a stock on eps upward momentum going forward with  continuing operations.

It was well above $10 last year at this time with $1.2M lesser income.

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#2) On July 22, 2009 at 11:07 AM, IBDvalueinvestin (98.48) wrote:

This is yet another example of why the $100M limit to rate a stock should be lifted. I saw this before it hit $3 but was not able to rate it because it was under $100M. How are we suppose to get 5 bagger and 10 bagger picks if we can't rate them at their very lows.

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