Mega Brands Inc MBLKF

RE: RE: Excellent Report.

[doctor333]

Guys....the media headline on the profit decrease is misleading...Q2's income included a 1 time non-cash gain in settlement of debt of increasing it by
.68 per diluted share.
Don't listen to the journalists..they don't take the time to read the company financial.
You have to take this out to compare the Quarter over Quarter.
Here's the piece from Q2's statements:
" For the six-month period ended June 30, 2010, net sales were up 13% to $127.9 million compared to
$113.7 million in the same period last year. Net earnings were $99.4 million or
.53 per diluted share
compared to a loss of $39.2 million or $(1.07) per diluted share in the corresponding period of 2009.  In
the first quarter of 2010, we recognized a non-cash gain on settlement of debt which increased net
earnings by
.68 per diluted share.".