3SOF

Sold BANY.

Broke support at .0049.   

Good luck to those still holding...

I just bought some Bany this morning off of support at .0053. The chart and news here are looking sharp i expect to see a rebound from here.

-fous

From Yahoo- Fundamental price value for BANY (2 Ratings) 25-Feb-07 08:06 pm Here is a little sensitivity analysis using the earnings per share * price to earnings ratio to get the price of BANY that I came up with.

note* there are a lot of "what if's" to take into account concerning:
1 number of shares outstanding
2 if bany can reach a level of positive earnings per share
3 and if they can reach positive eps, what will it be
4 how much will expenses be this quarter

Once the next report comes out, we will know a lot more about these crucial "what if's" and can get a good sense of what the stock is worth.

Here is my analysis:

In looking at the quarterly income statements (through yahoo), for the period ending sept 30, 06: bany had revenues of $1.432 and a negative net income of -$576,000. Since then, there was a press release saying 66 VT3000 machines were sold adding revenues of 1.58 million since nov 2006. This was announced on Jan. 11th. how much of that revenue can be counted in the next quarter (oct, nov, dec)? I would say almost all of it since it was announced just after the end of december, but we will only add 2/2.333*1.58=1.3545million. The 2 comes from the two months in the quarter that the new revenue should have been colected and the 2.333 is the total time of selling the 66 machines. So to sum up, 85.73% of the revenue from selling the 66 machines since november should have been collected in this last quarter. Now our revenues for oct, nov, and dec are around the 1.3545 million(selling the vt3000) plus the last quarter revenues of 1.432 million equals 2.7865 million. This does not include any revenue growth from franchising new clinics during that quarter. I don't have the best idea in finding out how much new revenue was gained just from the new franchises, but the growth in revenue from the previous quarter (june 30th) to sep 30th (which is before vt3000 machine sales) is 6.79%. If you take the ending revenue - the beginning revenue divided by the beginning revenue, you get .0679 or 6.79%. I am assuming at the minimum the revenue grew 6.79% in the quarter. You could also find the arithmatic mean in revenue growth from the last three quarters starting at the quarter ending december 31 05. That is 164.367% average revenue growth over the last three quarters. 1.0679*1432 = 1.529 million in revenue at the minimum just for the franchising revenue. So a low end revenue estimate for the 4th quarter of 06 (1.529 m + 1.3545 m) is 2.8835 million. If we assume the same exp, which is not very good, but it is all i really have, net income for the quarter will be around $875,000 dollars. Multiply that by 4 and you get $3,500,000 in net income for next year. If you divide that by the number of shares outstanding, which no one knows so we we will say 1 billion, you get .0035 earnings per share or eps. So .0035 eps is a low end times a higher multiple for the growth rate we are seeing, andywhere from 20 to 40, you get a price per share of .07 or 7 cents per share to 14 cents per share. This does not include what would happen to the price considering all short coverings. So just something for everyone to consider when looking at BANY. 7 to 14 cents per share!!!!!
my opinion only

Sentiment : Strong Buy
You have rated  

Profits around the corner ! 

HUGE!!!!!!!!!!!!!!!!!!!!!!!!!  Im in til .008 

Banyan Files Annual Financial Statements
Monday April 23, 11:44 am ET


LOS ANGELES--(BUSINESS WIRE)--Banyan Corporation (OTCBB:BANY - News), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced that it has filed its audited annual financial statements for the year ending December 31, 2006. Highlights include an increase in revenue from $1.09 million in 2005 to $5.45 million in 2006, an increase of over 400% as a result of the successful introduction of the VT3000 diagnostic machine and the growth of Premier Medical Group and Virtual Medical Systems. Stockholder equity jumped to a positive $793,498 from a negative $701,513 the prior year.
ADVERTISEMENT


Operating subsidiaries Premier Medical Group and Chiropractic USA both posted positive operating incomes.

Banyan CEO, Michael Gelmon states, "I am very pleased to report these record revenues and positive cash flows and I expect that our growth will continue through 2007 and beyond. We remain focused on developing our diagnostic business and especially the huge opportunity for growth with our revolutionary VT3000 Nerve Velocity Testing Machine. In addition, our Chiropractic USA subsidiary and its franchises are already the largest Chiropractic franchise operation in North America."

Based on the above information, the company is forecasting estimated annualized revenue of $7 million for 2007.

For further information, interested parties can access this filing on the EDGAR website.

About Banyan Corporation:

Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.

This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.



Contact:
Banyan Corporation, Los Angeles
Investor Relations
Michael Gelmon, 1-800-808-0899
www.ChiropracticUSA.net

--------------------------------------------------------------------------------
Source: Banyan Corporation