RE:RE:Transcript
Well I read through the transcript and I'm not sure I am that far ahead as to my understanding of how everything is fitting together.
There was a remark that sounds like the Foreign Exchange rate (U.S.$ vs Cdn $) is going to kick us in the butt in quarter 2 so don't expect anything much for Qtr. 2 -- unless I understood what was said:
"To talk briefly about the FX impact, it’s been quite dramatic and we will see even more of that relative to the second quarter of this year, when we have a large renewal with the Pentagon and the impact is real, it’s about $21,000 a month starting in April, related to the lower Canadian dollar. As I said on our last call, it's ultimately our job to manage that and so in aggregate if the FX impact is negative for us, we got to be stronger in other areas of the business in driving incrementally EBITDA. So my message to you is not to guide your expectations lower, but just to tell you, and you know we’ve been very blunt in this, the impact of the foreign exchange impact."
There were a couple of remarks about the various segments of business to suggest we may see something in Quarter 2 or 3. Specifically the Action Plan component and the Security(Mobikey) component but it all seemed a little vague. I thought there might have been more questions but it seems there was just one person (Ed) asking questions.
In my mind it would be nice if a "Company Update" was provided in which each arm/branch of the Company was given a review as to what their ranking is for future growth, expansion and effect on total Company operations. Also what is in store for each each segment of the operations in terms of expected short term progress and longer term progress. In other words a total overview of where the management sees the Company growing on a per division basis and what we as investors can expect to see near term and future. Can we say "A Company Overview to Highlight and Outline the Changing Business of Route1 as it Develops Into a Multi-Faceted Corporation".
Never hurts to promote change - especially in the media. Branding and visibilty does wonders at times.
At the moment, in my opinion, we seem to have a bit of a hodge podge of operations now, which is not all bad but which could use some clarification. I'm not sure if that is what has caused the downward trend in price recently or if that is because of other issues. If we're now going to take a hit on FX for the second quarter (unless I'm wrong on my understanding of that) then I think we need some other catalyst to get some positive vibes going to try and counteract that or the downtrend may continue. IMHO!