Tuesday, October 21, 2014 9:42:28 AM
Sobe4life said
Mind explaining how the company is expected to post a net profit "in the next several months" when it is nowhere near posting earnings and revenue averaged per branch is expected to be 20-25% less YOY. And please spare us the "prove it's going to be 20-25% less". It's simple:
$16 million for 15 branches = $1.06 million per branch in 2013.
$25-27 million for 32 branches (Houston is not closed yet) = $780-844K per branch anticipated by the CEO in 2014.
Let me guess: EBITDA is improving YOY.
Oh...hooray. Even the CEO isn't foolish enough to try to put out PR's even suggesting next year MIGHT post a net profit. At best, gross margin is projected (by the CEO) to be 25%. That's exactly zero net profit anticipated "in the next several months". I'm not even going to go into how the ludicrous plan to grow by $20-40 million in acquisitions next year crushes any fairy tale about 2015 net profits.
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