Home > Boards > US OTC > Miscellaneous > Greystone Logistics Inc. (GLGI)

Hard to believe an $18 million increase in

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Phaedrus77 Member Profile
 
Followed By 5
Posts 242
Boards Moderated 0
Alias Born 02/05/14
160x600 placeholder
Phaedrus77   Tuesday, 04/16/19 06:46:19 PM
Re: MrT11 post# 610
Post # of 625 
Hard to believe an $18 million increase in sales for the 9 months only led to an increase of $225k in pre-tax income. Weren’t 2018 margins also supposed to be negatively impacted by expansion costs?

For the quarter, $5 million increase in sales and a decrease in pre-tax income.

Really makes me wonder what the normalized margins on the Wal-Mart pallets are. Deferred revenue went up $2 million in the quarter, so it seems like they’re getting more business from Wal-Mart.

I’m kind of surprised that the share price is still up this high. At some point, they’re going to have to start making some fcf.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist