GREY:GLNIF - Post by User
Post by
Waterboy4on Mar 15, 2012 11:09am
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Post# 19673981
What's Wrong with This Picture?
What's Wrong with This Picture? Just reviewed the GLN numbers for 2011 and I have to say I am a little concerned. A $171 million dollar increase in sales only produced 9.3 million gain in income and $5.3 million in net income. That does not look positive at all. Perhaps they have reached a critical mass on the retail side. There is no actual report yet but I will be even more concerned if the increases are solely attributed to new store openings. I see the market doesn't much like it either down 11%.