RE:RE:RE:POOR PR Seems that you like distorting things. PHO is on track for a record year in terms of sales and earnings. Previous highest sales were $47M in 2018, with EPS of 10 cents that year. So far this year sales are $33.4M and EPS is 9 cents. Based on the PR and the conference call, they expect sales for Q3 of $13-15M which gets them to the past record amount. Repeat that in Q4 and you are in the area of $60M. They also said on the conference call that the inventory build up accounted for about $3M of sales in the first half of the year, so it isn't that big a factor. My sense from the call is that their clients are inclined to maintain higher than normal inventories due to increased focus on supply risks. If so, it isn't a matter of working it off. In the March conference call they predicted sales for Q1 of around $15M and came in at $17.3M. They didn't provide an estimate in the May conference call for Q2, but experience shows a tendency by management to be conservative and under-project. We also see that in the PR, with a tendency to point out potential cases where they aren't attaining what are record levels. Criticism of that isn't belief in a fantasy, it is investors being annoyed with management for poor messaging. Given what happened two years ago, management could have been more sensitive to anything that gave impression that sales are at risk. On the conference call Amir of Echelon Partners pointed out that he saw a discrepancy between their results and what was being conveyed in the PR.
digitel wrote: "I'm not sure why you guys want mgmt to "massage" the message and make it look upbeat."
They've invested in a fantasy and wanted to be told a bunch of lies so thy can keep believing. This is a very dishonest message board.
"The one curious point for me is the diffrence in outlook for PHO vs competitors who were more upbeat."
PHO's clients ordered a bunch of inventory to address the risks of COVID-19. This caused a temporary surge in business for PHO and now PHO has to work this off.