RE:RE:Great News Release Today
Not a 52 week high today unfortunately, but a lot of buying interest so much so that a lot of the shares at 1.08, which has been a wall, have been taken out. Overall a positive day.
I'm not expecting a lot for Q3 to be reported Thursday. Overall I suspect sales are up at least 5% with EPS around negative $0.02 and as high as negative $0.01. I don't think this quarter will matter much. Q4 will though, and the reason being that the usually slow quarter should be supplemented by the change in the business model that RH highlighted. With the new sales model we should see many dealers buying equipment in anticipation of a strong 1Q14 vs. the prior model where management stocked up on inventory. Any guidance regarding how the order book is shaping could be treated with shareholder reaction.