Shearson Financial Networks Inc. (SFNN)
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US-Kürzel: SFNN.OB
WKN: A0J320
Market Cap: 2.28M laut http://finance.yahoo.com/q?s=sfnn.ob
In Kürze kommt der Jahresbericht 2006:
"The Company anticipates a profit of approximately $2.7 million for the year ended December 31, 2006, as compared to a net loss of $10 million during the same period of the prior year"
Quelle:
http://www.sec.gov/Archives/edgar/data/1138173/...6107006850/doc1.htm
Ich denke das es bald wieder zu 0,10$ hochgehen wird.
Angehängte Grafik:
SFNN.png (verkleinert auf 60%)
SFNN.png (verkleinert auf 60%)
In reply to: None Date:4/10/2007 1:49:41 PM
Post #of 8215
10K TOMORROW!
EMAIL from SFNN confirmation... Im hoping they PR this friday after hours and just imagine monday trading!
In reply to: A deleted message Date:4/10/2007 5:11:23 PM
Post #of 8250
Thats a cool looking chart...
haven't seen any lines like those... thumbs up
I say we break .075 ... Company was nothing last year... Now they make the green stuff..
I'm predicting EPS of .06 on 10K tomorrow. Lets get some institutions tapping on this abit!
LAS VEGAS, NV, Apr 12, 2007 (MARKET WIRE via COMTEX) -- Shearson Financial Network, www.sfnncorp.com, (OTCBB: SFNN) announces that the company recorded earnings for the year ended December 31, 2006 of $2.8 million, as reported on Form 10-K, filed with the SEC today.
Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 as compared to a net loss of $11.0 million for the same period in the prior year. The company's mortgage operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Selling and general administrative expenses decreased 11.6% or $1.3 million as compared to the same period in the prior year. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
"We are pleased with the operating results our company has reported for 2006," stated Michael Barron, the company's Chairman. "In a challenging mortgage market which has seen the demise of substantial players, Shearson has managed to earn its way into a stable position as compared to some of its competitors. We look forward to a prosperous 2007."
About Shearson Financial Network, Inc.
The company is a consolidator of independent mortgage brokerages. Shearson operates 17,538 sq. ft. of branch office space licensed in 33 states. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonfinancialnetwork.com.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected results and market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.
CONTACT:
Shearson Financial Network
Las Vegas, Nevada
Michael Barron
702-868-7922SOURCE: Shearson Home Loans