TSXV:MRS.H - Post by User
Comment by
old_dogon Sep 23, 2020 1:18pm
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Post# 31604889
RE:Poor gross margins: +/- 5% expected before financing costs
RE:Poor gross margins: +/- 5% expected before financing costsHiddensecrets wrote: The issue with this company is very simple:
POOR GROSS MARGINS
HIGH FINANCING COSTS
DEBTS ON BOOKS
So say +/- 5% on $ 125 million in lastest contracts means $ 6 million gross margins.
Take some off for financing costs and you are left at say $ 4 million.
Then you have general expenses to account for.
End line, you have very little left and are still stuck with DEBT.
MPO
As per ratio data on stockhouses site
https://stockhouse.com/companies/ratios?symbol=v.mrs
old_dog