RE:RE:Fleeing a Sinking ShipPagoda I don't think there is any question that we are going to see higher, likely significantly higher revenue numbers. The thing that keeps kind of niggling at the back of my mind are their operating costs. I looked at the financials for Sept 13 and for the quarter their revenue increased 35% compared to the previous year's quarter. The problem is their operating costs increased 47%. That increase alone took roughly half a million dollars off the bottom line.
So when the annual and first quarter reports are issued though I am obviously hoping and expecting higher revenue, more importantly I am looking for some (hopefully significant) improvements in the operating costs. If this does occur we should see some significant upside here. Worst case scenario is operating costs are increasing to a greater degree than revenue but lets not go there.
I remain long and optimistic. GLTA
Stinky