Savvy Trades and Investments

[researcher59]

FRD -.65 to 12.42, earnings press release is rather misleading because they're reporting OPERATING results which include realized hedging gains but exclude unrealized mark to market hedging losses.

The 10K shows Comprehensive Income of just $236k for the year .... so subtracting out the 9 months comprehensive income of $3.7M implies a comprehensive LOSS of $3.5M for Q4 or a LOSS of roughly ($0.51) per share.

Unfortunately their hedges really hurt them .... just as oil company hedges hurt them during rising prices because they locked in sales at lower prices.