RE:RE:RE:RE:RE: 2 consecutive Quarters of Improvements!!!My opinion is if they do everything right and get there margins up and lower their debt levels we could see the achieve net profit margin of 1.5% with sales growth of around 4%. This would mean they would have appoxiamtely 1.825 billion in sales with earning of 27.375 million. 100 million shares out would equal around 27 cents per share. If it then trades at similar multiples to other food distributors we could see a share price of around 5.35 to 8.00. However do not forget there is an additional 20 million shares in convertible debt that would most likely converted as the price would be higher than the option price on the debt so we should assume a 16 to 25% discount to those numbers.
If they do everything right we could see around $5 per share overall(just a guess!!!!). There are a lot of hurdles to cover though. The big questions is if management can pull it off. I am optimistic with the addition of Robert Brisco. I would be more optimistic someone from upper management was also fired as they are the ones that got into this mess.