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Artaflex Inc V.ATF



TSXV:ATF - Post by User

Bullboard Posts
Comment by musingon Apr 01, 2008 1:02am
97 Views
Post# 14925312

RE: 2007 Results

RE: 2007 Results

I'm not sure what to expect. Those one time charges were pretty substantial but the good news is that they are one time charges and the write down of good will was a dimunition of a non-tangbile asset. On the bright side, but for those one time charges, the loss was surprisingly small, less than $700,000. There are other "hopeful signs", the increase in sales in the 4th quarter, new customers both in Canada and the U.S, the currency exchange rate and a lowering of costs.  

I still like the RH option and I'm quite sure that RH had a thorough knowledge of ATQ's balance sheet, as did Mr. Walker. The currency issue for the 4th quarter was pretty bad, much, much worse than it is today. But who knows where the green back is going.

Bullboard Posts