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Tuesday, February 22, 2022 11:19:25 PM
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OMOLIVES
Sunday, February 20, 2022 7:15:25 PM
Re: Biotechotcguy Post #14958
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Post# of 15019 Go
It wouldn't be hostel...they essentially own them and run them. This is what the turn around looked like after Galvin was put in as Chairman in 2018:
Year end 2017-gross margin of 25% ...operating income negative
..three years later...
Year end 2020-gross margin of 71%!...operating income at 21%!
Last quarter filed-gross margin of 72%!..operating income of 29%!!!
They also righted their original investment of preferred to where they purchased them at..and are only down half of original issue dollars. They were tainted for years.
That is taking a bad investment originally and cleaning it up in a big way. This Company has not borrowed any money since September 3rd, 2019($21,000 from Hypur Inc.)
The last time they borrowed from any unrelated short term lender was March 21, 2018. All unrelated third party debt is gone and now clean.
!!The operating margins are just sick!!! That is hot as hell.
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