Bagels and Lox
Earnings season rolls on, and although it's mostly behind us for the bigger names, reports are still trickling in for some of the smaller names. Some of these go relatively unnoticed because of a lack of interest or analyst coverage, but sometimes there's opportunity lurking.
Yesterday, Omega Protein (OME), my favorite fish oil company, announced the highest annual revenue figure in the company's history, $235.2 million, which was up 40% from 2010. The company earned $34.2 million, or $1.71 per share. While that sounds like an impressive bottom line, it included $26.2 million in settlement proceeds from the Gulf oil spill disaster. Absent that windfall, it still would have been a decent year for Omega; assuming a 33% tax rate and backing out one-timers, by my calculation, EPS would have been around $0.90....334 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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