profits for 2014
With a loss of 1.7 million in the first quarter and a cost of goods sold as high as it is does anyone see a profit for 2014. If so how?
Reasons I think it will not .
1 the Canadian Dollar is weaker than in years past.
2 Two of Remcos top people were let go at time of purchase and are now (at lest one of them ) working for a competitor.
3. Stratford is no longer suppling all the Fam companies in Ontario . They are back with Rock of Ages .
4. i monuments has its problems
5 Fams costs are far too high volume is not fixing the problem
6 unless the debenture is rolled over into shares paying it off is unlikely IMO
7 paying 10 and 12 percent intrest on loans in this day and age is unwise
8 Late reporting was little more than shame not lack of time to do the numbers
9 Fam is likely to go back to the market this year for more cash compounding the problem
10 Cremation is up as a % of sales
11 any sales thru Dignity are at such a high cost they will make things worse IMO
12 Fam is spending most of its focas on getting bigger not enough on getting profitable IMO
I am just listing what I see if you see positives please feel free to list them.