OBIE is a small company in Oregon that has done very well in their first year. I started researching their numbers last week and was wondering if anyone else was doing the same thing?Re,New Fool
Hi there,I am watching OBIE as well...I found it using the Hoover Stock Screen(www.stockscreener.com) back in August or September I think. When I saw its earnings statement that quarter it was pretty decent... lemme see if I still have it...yup.. just tossed the paper copy this morning, still in box <:For the quarter ending Aug 98 the EPS growth wasn't up much, to 0.09/sh from 0.08.Sales and net income rose about 30% though. Good sign.And the EPS/RS rankings at that time were 88 and 92 respectively, stock price at 11 1/4 day of earnings statement. They were at 10 the day I put them into my PortTrak model port. Now they've gone up almost 100% and then bobbled down last week. I didn't see their more recent eranings statements how ever, have you seen those? And if so could you share how they looked?Obie-ones Kenobi fool on,Malachite
Earnings for the past qtr were .13/sh. projected earning for the current qtr are only .05/sh, and for the yr are .45 and for next yr .58.While those numbers don't look too impressive, the company has been fairly successful in winning competitive contracts for its services in a number of cities. Total busses under contract have expanded substantially during the past year, so perhaps the actuals will come in above the projections. Since there's only one analyst following this it's difficult to get a feel as to how accurate the projections actually are.I continue to like it and believe it's past successes in winning bids will be reflected in greater earnings!
SOURCE: Obie Media Corp.Obie Media Reports 115.5% RevenueGrowth in QuarterNet Income Increased 62.5% in the Same PeriodEUGENE, Ore., Jan. 19 /PRNewswire/ -- Obie Media Corp. (Nasdaq: OBIE - news) reportedgross revenue increased 115.5 percent in the quarter ended November 30, from $4,800,465 in1997 to $10,346,704 in 1998. Gross revenue for the year increased 72.4 percent from$14,624,955 in 1997 to $25,218,200 in 1998. Results for fourth quarter 1998 reflect Obie Media'sacquisition of P & C Media in September 1998. Net income in 1998 increased 50.1 percent to $1,501,179 or $0.35 per diluted share, compared to$1,000,064 or $0.23 per diluted share in 1997. Fourth-quarter earnings increased 62.5 percent to$583,109 or $0.13 per diluted share, compared to $358,819 or $0.08 per diluted share in the sameperiod in 1997. Chairman and CEO Brian B. Obie attributed much of the company's growth to the addition of transitadvertising markets resulting from the acquisition of P & C Media, and strong sales after start-up inBritish Columbia. ``In 1998 our company grew significantly, increasing our market coverage,expanding our product offerings and enhancing our profitability,' said Mr. Obie. ``Our new transitadvertising markets on the East Coast, as well as our operations in Canada, are showing theirstrength. They contributed to impressive fourth-quarter results and a very strong year overall.' About Obie Media Obie Media Corp. is a full-service out-of-home advertising company based in Eugene, Oregon, withoperations in California, Connecticut, Florida, Idaho, Illinois, New York, Ohio, Oregon, Texas,Virginia, Washington and Wisconsin, and the provinces of British Columbia and Ontario. Thecompany sells, designs, produces and installs out-of-home advertising displays, including transitposters, billboards, wallscape displays and street furniture. Obie Media's transit advertising divisionserves more than 35 transit authorities, including those in Cincinnati, Cleveland, Dallas, FortLauderdale, Hartford, Portland, Sacramento and Vancouver, B.C. --------------------------------------------------------------------------------
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