Sunday, July 17, 2022 12:29:28 PM
It's 4 weeks until 2Q2022 results get posted. Things have been pretty quiet. That's going to change, I think. In the next 6 weeks:
Over/under for 2Q2022 is 20 mirrors sold (what they sold in 1Q). I say: Under.
Inventory write down on the Mirror product. It's clear to me the carrying value for the mirrors is too high - it should be written down. The timing of the write down is the prediction: I say they take the write down in 2Q (June 30th quarter ending).
Why I say that is because of the third prediction: CFO McClinton is retiring after he files 2Q2022 for the company. They'll want to clear the books for the new CFO as a courtesy.
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