RE:RE:Taking care of business Opt might be expecting $20m+ in revenue for Q4 when they report burn the street is closer to $8,5m. I'm just hoping the number is somewhere in between,
OptGreen wrote: Agreed Geo, this needed to be done and down here.... last quarterly sales in the ~$10mil range to north of $20mil for FQ4/20 at a minimum is where the strength is going forward. The problem is only resolved with full production sales and healthy net margins in the $40-50mil per quarter range over the next couple of quarters.
Profit realized in the next quarter or two and little cap ex necessary for some time going forward and things sweeten up quite a bit compared to most in the sector...a RS, 2 for1, 3 for1 max is probably in the cards, as much as I love them, at full production and profit realized we are back in the ~$3 SP range on solid fundamentals to grow on going forward.
The best part here is the sector is not running away on FIRE and as Beena gets all of the debt realignment out of the way there will be nothing but shelve and sell as much of one of, maybe the finest menus in the industry. As long as the production and sales are at or nearing full capacity there will be few if any better positioned than FIRE. Everyone needs to do their DD always. JMHO...Opt
George141 wrote:
well,.. Beena did a gutsy thing here. But it is the right thing...since debt wipes out profitability. Now the future is bright(er) To absorb this debt Beena knows that the company can support it. Yes it may affect the share value in the short term...but a clean balance sheet is money in the bank. Debt is a liability...if the share price stays at current level this was the best news Beena could have delivered to us at the moment...maintain