Yes tiger, but so far the profit is only 20% above the same period of last year. The fourth was by far the weakest period last year, where the firm lost money! A 50 - 50 chance that the fourth period will be different from last years is not good enough for me at the moment, though it may be a good bet for the future when the fundamentals become clearquote:Originally posted by Paper Tiger
Optiontrader:
The profit for the third quarter was $6.6M (i.e. the running profit for the year, went from $1.1M to $7.7M) Annualise that and you get a P/E of 8.9. The fourth quarter was probably better yet.
But the real question is where does it go from here and not where was it last year.
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