GREY:AIIFF - Post by User
Comment by
d_trumpon Mar 12, 2013 12:38am
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Post# 21114388
RE: 2102 Q4 and Year End Results
RE: 2102 Q4 and Year End Results Gross Margin is the key issue. In 2009 the GM was 30%, 2011 was 12% and improved to 18% in 2012. A 12 point GM pickup would improve EBITDA per share by $2.25 - this would have a huge impact on SP.
Problem in 2012 was they were stuck with long term contracts with very low gross margins. From reading the MD&A it sounds like the last of these low margin contracts will be flushed out in 2013.
It would seem they are on the right track, however they do have a long way to go.