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[SkepticalOptimist]

SSKILLZ - I agree with you on CRWS.OB, it is my 2nd largest holding as well. The upcoming EPS will be significantly skewed because of the one-time gain of $4 million from the debt restructure ($.25 per share after tax) that will be included in the results, but I think that the results from operations can comfortably report $.17 with potential for upward of $.20. One item from the 10-Q that I find confusing is the statement displayed below. The reason I find this confusing is because usually overabsorption results in an understatement of gross profit because overhead costs are absorbed that should not have been. Are they saying that these costs are sitting in inventory? My $.17 estimate assumes Gross Margin of FY4Q06 levels - what is your take on this?:

Gross Profit: Gross profit increased in both amount and as a percentage of net sales for the three-month period of fiscal year 2007 as compared to the same period in the prior year. Favorable variances in sales activity as compared to budget caused an overabsorption of overhead which is allocated to inventory upon purchase and then transferred to cost of sales as goods are sold. The overabsorption caused gross margin to increase by approximately 2% and such variance should reverse itself over the remaining quarters as all overhead costs are fully absorbed over the course of the year.