3rd Quarter resultsResults are in: Company lost money for the first time that I can remember...wrote down $10 million more than they had estimated 3 months ago...telling us that outlook continues to be uncertain....they don't expect a real turnaround to be reflected in their financial statements until later in 2004.
Maybe this is the beginning of RYG's recovery but I'm not too convinced now. I was disappointed with their overall sales figures given the continued boom in new housing sales and housing renovations in North America. There was a nice uptick on this stock in the past few months but I don't see how the share price can continue to rise significantly in the short term. IMO there are better stocks out there to invest for the next 6-12 months so I'm moving on. Good luck to all on this board!
Good luck to all on this board. IMO there are other better investments out for the next several months so Im out of here.