RE:RE:RE:Note sent to IR; Will share responseSeems like a good and honest response regardless of your question. I look forward to their progress QoQ in maintaining revenues and comtrolling costs. I will hold my shares but not hold my breathe, lol. Expecting some good upside in SP from here, hopefully.
thinkwithme wrote: Here was the repsonse I received back. Can't say that I feel my actual question was, in fact, actually answered...
As our CEO Harry Fleming stated on the Q4 conference call, as of the third quarter we are on track to meet budget. Unfortunately, our fourth quarter projection in 2016 did not continue the historical trend of posting 40% to 45% of annual revenues in that quarter. As we look to the future, our CFO stated from his experience, improvements don't happen immediately. Therefore, we do not expect to see material operating improvement until the second half of 2017. With that said, we have already implemented key processes around our hiring practices and supply spend, as well as working closely with our GPO to really focus and develop specific savings targets. We feel like we are already making progress in that category.
Management is focused on building a strong foundation for steady and repeatable earnings growth, driving shareholder value for the long term.