EXPM:LXRRF - Post by User
Comment by
TheRock07on Aug 30, 2016 8:59am
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Post# 25190161
RE:Luxor Reports Net Profit of $922,616 or $.023 Earnings per s
RE:Luxor Reports Net Profit of $922,616 or $.023 Earnings per sGM was below my estimates but sales were much higher.
Forecast sales for the second half of 2016 should be in the $22 + million.
The second plant began producing in July and this should elevate GMs.
Also, new products should enter the sales stream in H2.
Currently, LRL is on track to earn about $0.10 to $0.12 per share over the next 4 quarters, and perhaps more, as they are forecasting increased sales for 2017.
LRL is a steal at these prices..