GREY:LGLTF - Post by User
Post by
BigPapaStockon Jun 09, 2015 2:18pm
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Post# 23812049
Way Overdone
Way OverdoneNo reason for this much of a decline on today's news. This is a growing company which will be subject to higher costs while acquiring new businesses, but look at all previous financials. This will be a profitable company in my opinion.
"There is plenty of work to do on integration and the expense side of the equation to drive profitability. Fourth quarter results for 2014 include a number of non-recurring expenses and are not necessarily indicative of run rate expectations going forward," said Mr. Klerer. "The key objective for 2015 is a renewed focus on profitability with an emphasis on reducing the cost of operations and improving margins. Some initiatives have already been implemented, and I will be spending the next 90 days uncovering additional opportunities to streamline operations and launching our previously announced student housing initiative."