Not sure ...... ezemoney wrote: …. Things were looking promising with forecasts, sales and general financials...and then they just collapsed.
Hey “ezemoney”,
I am not sure “then they just
collapsed” is an accurate description, based on the
following comment by VP Bryan Carson in a recent news release:
"This relationship is indicative of the contract manufacturing business we are developing within the Prosnack Division. We
continue to attract new business for the healthy snack category. Additionally, the certifications within our facility are often required by retail chains which continues to drive multiple business opportunities in this category and in fact, helps our contract manufacturing clients secure distribution in many instances. We are pleased to report that sales as of the third quarter for this division, have surpassed gross sales for all of 2018.
This was accomplished even through the Safe Quality Food Level 2 certification process as well as several facility upgrades in 2019 limited production to less than 50%". In
Part 1 of my Catch Up Posts I stated “I would like to see NSP update their chart with Q2 & Q3 actual results and add the quarterly average as a graphic”. Over the holiday season I usually have some down time to kill so I copied
NSP’s chart from the website and played around with it. I
posted the result on Google Drive along with some charts that I made using Excel.
I think charts 3 & 4 make my point that one bad quarter does not suggest a collapse. However, we will likely have to wait until close to the end of April to know the actual results of Q4Y19 and the end of April to know the actual results of Q1Y20. I remain positive.
*****
“NSP is a very viable business without the Processor’s License!” *****
“Living in the sunshine” Always DYODD DKM