Post by
extremerisk on Apr 28, 2017 11:03am
Large block went through 400,000 shares
I think this is Berkowitz again as been long black out period from end of year Jan. 31 to April 26 results issued. Normally results would have been issued sooner. With SSS growing about 5.4 percent one can forecast the first quarter already as you are only mmissing April 2017.
Revenue was $596 x 5.5 percent growth = 628. Gross margin back to 28 percent gives you net of 176 less operating costs of 204 (drop of 25 percent based on cuts implemented last year. So operating loss gets close to break even with loss of 28 million. This will become positve in q2. I think Berkowitz sees this trend. Also no cost reductions announced for 2017 as this looks like the bottom here. I added more today on this super cheap stock trading at 5 cents on a dollar of revenue with deep value leases everywhere.
Comment by
kijiji on May 02, 2017 2:25pm
wow... how low can this sinking ship go? There must be some value to support the share price from assets?