Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Knife, you and I are "in the same place" here, namely being underwhelmed by the quarterly results, yet still on fundamental factors remaining bullish long term on the stock. What's fascinating to me is that the market has so far been favorably impressed with the quarter, though I'm not sure if it's more a matter of having read the investor relations version of the story rather than having plodded through the numbers themselves.

I think that there's a story to be told as regards the "smallish" growth in the quarter's sales over the same quarter last year when we had been seeing larger increases previously - the most benign explanation, which would fit with the improved gross margin percentage, is that they're selling relatively more of the high-margin goods and de-emphasizing the smaller-margin products.

As you frequently have written, I also do think that there will be "good times ahead."