Industry = REIT - Office
From the comparison to competitor, the cap of GYRO is tiny, only 8 employees, and the EPS reached as high as 66.80.
|
Period Ending | Dec 30, 2012 | Dec 30, 2011 | Dec 30, 2010 |
Total Revenue | 4,989 | 5,520 | 5,551 |
Cost of Revenue | 2,308 | 2,347 | 2,219 |
|
Gross Profit | 2,681 | 3,172 | 3,332 |
|
| Operating Expenses |
| Research Development | - | - | - |
| Selling General and Administrative | 7,575 | 1,892 | 2,261 |
| Non Recurring | - | - | - |
| Others | 900 | 876 | 804 |
| |
| Total Operating Expenses | - | - | - |
|
|
Operating Income or Loss | (5,794) | 404 | 267 |
|
| Income from Continuing Operations |
| Total Other Income/Expenses Net | 167,457 | (332) | (108) |
| Earnings Before Interest And Taxes | 161,663 | 73 | 159 |
| Interest Expense | 966 | 1,197 | 1,132 |
| Income Before Tax | 160,697 | (1,125) | (972) |
| Income Tax Expense | 61,649 | - | 109 |
| Minority Interest | - | - | - |
| |
| Net Income From Continuing Ops | 99,048 | (1,125) | (1,081) |
|
| Non-recurring Events |
| Discontinued Operations | - | - | - |
| Extraordinary Items | - | - | - |
| Effect Of Accounting Changes | - | - | - |
| Other Items | - | - | - |
|
|
Net Income | 99,048 | (1,125) | (1,081) |
Preferred Stock And Other Adjustments | - | - | - |
|
Net Income Applicable To Common Shares | 99,048 | (1,125) | (1,081) |
|
|
Comparing the annual report for the last three years, from 2010 to 2012, the gross revenue is keep decreasing, but the Net income from Continuing options in 2012 rapidly increased to 99,048. The raito of net income/gross revenue make this income suspicious.
I am not confident with GYPO's income statement. The real estate is recovering, but GYPO is going to face competition from other big companies who own more resources. In the real estate field, capital and money rule the game. So I am short GYPO. |
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