Jite tech. (JTI.v) - bottom fishing opportunity?

[tara]

Jite Technologies (JTI.V) – Q2 summary

- 8 of 9 past quarters were profitable
- Current Market cap about 4.2M$
- Cash & equivalent = 8.8M$ (0.42$/share)
- Working cap = 13.8M$ (0.65$/share)
- Book value = 16.7M$ (0.79$/share - all tangible, no goodwill)
- Free Cash Flow positive
- No long term debt
- Q2 EPS= +.014$/share, Q1 EPS= +.015$/share,
- Trailing Twelve Month EPS = 0.055$/share
- 2009 forward looking EPS = .06$/share (extrapolated from Q1 and Q2)
- 21.1M shares outstanding (about 2/3 held by management); options and warrants above today’s price
- Reasonable salary structure
- Gross margin improved to 32.3% Q2



What makes this company interesting in my opinion?

Trading at roughly 3x EPS, below cash per share, at roughly a third of working capital per share, and about a fourth of tangible book value, this profitable small cap exhibits strong fundamentals like few stocks on the venture exchange. Should management cost containment approach continue to be successful in the downturn, 2009 should prove the stock's undervalued state. Only thing missing is a dividend…


P.S. The above is simply my personal understanding and not to be construed as investment advice. I’m not a broker, promoter, director, manager or employee of the aforementioned company, just a shareholder. Do your own due diligence. Typos could of occurred.

[tara]

Jite Technologies (JTI.V) – Q3 blowout performance, delivers +.035$/share net earnings



- 9 of 10 past quarters were profitable
- Q3 EPS= +.035$/share, Q2 EPS=+.014$/share, Q1 EPS= +.015$/share,
- Trailing Twelve Month EPS = 0.084$/share
- 2009 forward looking EPS = .11$/share (extrapolated from Q1 and Q2 and Q3)
- gross profits nearly doubled in Q3 (GM about 36%)
- Current Market cap less than 5M$
- 21.1M shares outstanding (about 2/3 held by management); options and warrants above today’s price
- Reasonable salary structure



A more detailed summary will be provided once the details are available at SEDAR, but Gang Chai is delivering wonderfully, and creating a severely undervalued state for his stock.



P.S. The above is simply my personal understanding and not to be construed as investment advice. I’m not a broker, promoter, director, manager or employee of the aforementioned company, just a shareholder. Do your own due diligence. Typos could of occurred.