http://ih.advfn.com/p.php?pid=nmona&article=64073539&symbol=GLGI
If you look at it through the lens of cash, it looks much better. (vs. GAAP-view) $1,000,000 FCF, paid down $700,000 debt, increased cash by $200,000. Ramped up f'n resin sales, definitely harming GM, and more nestable sales harmed GM too. Maybe Phaedrus can answer this: does a ramp up in resin sales at negative gross margin really lose money for shareholders or do they have to be using that machinery/paying that fee already anyway? They left out cost of resin sales for the first time.
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Recent GLGI News
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