Grifco Inc (GFCI)

[cyofish]

johnhk, Grifco's been in business for several years. They are not a startup company but supposedly a conglomeration of small fulling operating companies.

As for today's news there is nothing good about it. It is a said state of affairs when a company has to spend the money for PR to announce $450K contract. $450K = top line revenue. What are the cost of sales? What is the net profit. Assuming the profit margin at about 10-15% GFCI is adding 45K-67K of profit. That is chicken feed IMO.

This is the first operations PR they put out in a long while. Most of the PRs we gotten were fluff PRs about mergers, dividends, and offering.