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TSTC is on its way to $20+ like RINO

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November 16, 2009 – Comments (2) | RELATED TICKERS: TSTC

RINO made its move to $20+ after its fantastic earnings when it was at $12+ and never looked back. I believe TSTC will never look back after the earnings it just posted last week. Looking ahead to 2010 I know of 1 Chinese telecom company alone that will spend $4B on 3G upgrades in 2010. TSTC income surged due to 3G sales. TSTC income should easily surge well into 2011.

-- TSTC Third quarter 2009 net income increased 281.8 % to $4.2 million
year-over-year with net margins of 22.3%; EPS was $0.41 vs. $0.11
year-over-year

-- TSTC For the nine months ended September 30, 2009, revenues increased 86.1% to $38.9 million year-over-year; net income increased 96.8% to $7.4 million year-over-year; EPS was $0.71 versus $0.36 year-over-year

-- TSTC WFDS(TM) product represents about 20% of third quarter revenues

-- TSTC Accounts receivable decreased 19.6% to $59.2 million for the third quarter ended September 30, 2009, compared to $70.8 million for the second quarter ended June 30, 2009

-- TSTC Telestone reaffirms guidance of $70.0 million in revenues for 2009 based on strong order bookings for the balance of the year.

2 Comments – Post Your Own

#1) On November 16, 2009 at 10:47 AM, Teacherman1 (57.22) wrote:

Looks interesting and will check it out further.

Any particular reason to think they have an edge over competitors?

Have a good day. 

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#2) On November 16, 2009 at 11:18 AM, Inteljumper (< 20) wrote:

The only thing I've seen that separates them is the recent approval of the FCC on some of their technology, obviously opening them up to the Western Hemisphere (there was an excellent blog I read on Friday on Fool, if I can find it again, I'll post it here).  I just bought, my first foray into a Chinese company, so hopefully the numbers, analysts and my gut are all right!

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