ALJJ 2.33 I've been holding a bunch from the KES days and was a buyer again at the open after seeing the full filing for the second quarter.
I didn't want to chase but when it pulled back to $2, I grabbed another batch.
Here's why - The revenues were up nicely sequentially but the net profit jumped from 5.6% to almost 10% of revenues so we're looking at a $150M annual with a possible .45-.47 eps (run rate) before the new vegas flooring acq. Plenty of NOLs to mitigate taxes for a while and this team knows how to run companies and create shareholder value.
since Faneuil was brought online 18 days into Q1 I made a spreadsheet with a fictional projection of what a full Q1 of Faneuil would be to make it easier to visualize (column C)
It's not perfect science but it makes a better comparison IMO
error on the last column - it's not "increase" it should say percent comparison (of Q2/"projected Q1") or something like that
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