Sunday, September 16, 2018 9:07:50 PM
I don’t think you can just annualize Q4 numbers. Q4 2017 was just as profitable as Q4 2018, and they obviously didn’t earn 16 cents in FY 2018.
I’d expect this year to be much like last year....sales growing much faster than profits, due to the installation of machines, ramp up expenses, higher interest, etc.
I think the key here is to figure out where the gross margin % settles at. If it gets back near 20%, then this will be a great investment. If it stays near 12-14%, it’ll just continue to bumble along.
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