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micham2012

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micham2012

Re: stanu78 post# 45708

Tuesday, 06/06/2006 11:06:21 AM

Tuesday, June 06, 2006 11:06:21 AM

Post# of 173845
stanu78 re ITEX:

I own a small amount, and had it in PSL2. Very solid quarter.

I don't know quite what to make of this statement:

"Our third quarter SG&A expenses decreased 46% from our second quarter, mainly due to synergies resulting from the BXI integration. We expect our SG&A to increase, as a percentage of revenue, in the fourth quarter partly due to the expense of our successful annual convention last month."

Guess we won't know what "increase, as a percentage of revenue" means until October.

Steve

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