Why couldn’t we have this quarter in the bull market? PNWIF came out with Q1 numbers today, and it was the first quarter where the company truly demonstrated it has lived up to its full potential.
Their first quarter is the 4th calender quarter, and happens to be the holiday season, which will be their best quarter seasonally. The current Jan to Mar time frame is their worst, and then it gets better as we get into the year.
The company netted about $1 million on $7.2 million in revs. Revs were up 67%. Profits went from $1 million loss to $1 million gain.
Now we’re finally seeing what this company is capable of. Too late unfortunately. This was a $5 stock, up from my first entry level of $1.80.
I don’t have time to give this a full treatment today, but if you like growth, this is definately one to own. I don’t really have a handle on how they will grow from here, but if they can continue on this pace, this stock has to be considerably higher some day.
Sooo, are you putting a buy recommendation on this one Or should we wait & see?
Editor: No, not putting out a buy recommendation. Here’s the main reason- I don’t believe this company is doing anything to enhance its shareholder base or try to get exposure. The numbers are coming in pretty good, and if it starts to trade better technically with some interest, I probably will. However, it seems like they are content to sit back and wait for the world to come to them, and in this environment that simply is not going to happen.