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Thursday, August 29, 2019 8:17:48 AM
First, looking at this chart(it's interactive with your cursor)and see how the second half of the year in Furniture and Home Furnishings Stores are significantly higher during the second half of the year.
https://fred.stlouisfed.org/series/RSFHFSN
Now focus on the second half of year 2017 on the chart, which will be included in the Rotman's 2yr financials. It is the highest it has been since 1992 with one exception in 2005 where it was pretty much at the same level as 2017.
Factor in what Steve Rotman said in May of 2017 where he stated that Rotmans was averaging 38M a year in revenue and increasing at about 15% a year: (H/T SGW)
https://www.youtube.com/watch?v=H03isWUeMZU
Also factor in the record breaking sales we've seen in the last several weeks at Rotmans (Sonnet line alone over 100K+ in sales), the booming economy, lowest unemployment #s, tax cuts, wage increases, consumer sentiment increasing, etc
With that, remember the proforma only showed the first half of both of the last two years ONLY and did not include the $18.6 Million Tax NOL that will make a huge difference and also did not include the revenues from the furniture warranties (where an additional $6/$7 Million in revenues per year will come from since little to no expenses are associated with the warranties, making it mostly Net Income).
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