TSTC is on its way to $20+ like RINO
November 16, 2009
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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.
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