He said the report's authors, in estimating profits, should not have considered the tax breaks the industry actually received in the past.
The company had estimated adjusted pretax profits of $800,000 on revenue of about $11.5 million.
This is an underground economy and no one here will estimate its size or profits.
John Hancock had quietly risen to $37.63, more than twice the $17 offering price, and was trading at 16 times estimated annual profits.
A few months ago, analysts had been estimating profits of $3.92 a share.
He estimated profits in 2003 of about $1.7 billion.
The nice thing about young tech stocks, in a bull market, is that there is no way to estimate future profits.
She said that analysts estimate profits of $1.50 a share for Warnaco this year.
There is no trade association in the palm frond industry to estimate total sales or profits among distributors.
The Outlook estimates profits this year at 80 cents a share and sees $1.10 as "possible" for next year.