Savvy Trades and Investments

[larrybaz]

SRTS - I thought this was an interesting, almost funny, exchange from the conference call:

Unidentified Analyst

Hi, this is Chase on for Alex. Thanks for taking the questions, guys. So help me understand the quarter a little bit better, Joe. I mean, walk me through kind of what changed. I get all the commentary of what your customers are going through. I mean, maybe just walk me through what changed from February kind of to the end of March, and then so far in April, through April there. What took expectations from year-over-year growth in those, two, three-month time periods to what looks like a, 50% decline in system placements at that minimum you guys gave?

Joseph Sardano

Well, nothing changed from February to March. It was the same from January to March. As a matter of fact, it was the same from December to the end of March. The inflation has taken over and it's caused a worry coming into the New Year. If it hasn't caused a worry for you and your own personal life, then you're making more money and need make. I'm happy for you. But it's impacting every one of the individuals and the doctors that are out there, their staffs and everything else.

So everybody's hanging on it. They're belts wondering where is it going and they're just waiting to see what might shake out. So there's two things that are going to happen. Something is going to shake out.

I haven't seen our government step up to doing anything regarding inflation as a matter fact they're probably promoting more of it than we're seeing necessary. I mean, we're also seeing banks that are going out of business and there's not a whole lot of questions out of the banking industry or from anybody else as to what's going on with the banks and how is it impacting business.

But it is, regardless, I mean, if it's not impacting us, then it's impacting our doctors because they're the ones dealing with those banks. And if one bank is a problem, then all the banks have a problem, because they start tightening up their belts. So this is very common. It's very obvious.

It's very clear as to what's impacting individuals and making decisions. It's the same thing that's impacting you and me in making decisions in our own personal life. When you take it into a business, now it becomes even more serious because they're expecting certain revenues that have to pay the bills.

And I want you to think of this, I mean how many of us are going to our bosses asking for less money these days. Everybody wants more. Everybody needs more money. because gas prices are up, groceries are up, all of this stuff. So again, these business orders are faced of keeping their best employees happy by giving them more money, by seeing their cost of operation going up, their toothpaste is going up, their band-aids are going up, all of their stock is going up and now we compound that with their business down by 25% at least. All right. Nothing has changed.

Nothing that we see from the economic markets are going to change unless you guys tell us. You guys are the financial experts. Tell us what's changing in the financial world that's going to change or adjust our inflation rates. We should be asking you the questions. So tell us, give us some answers as to what these guys should be doing to overcome inflation and to keep producing the business because they need to hear those answers.