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Tuesday, May 09, 2023 8:06:23 AM
![smile](/images/emoticon01.gif)
Very much a so so report - no major catastrophes , hit the revenue numbers, claim the margin is due to extra building costs (which is why the CFO should go - those can be forecast well in advance).
In the old business it is s much of the same with hardware margins increasing due to slingerlands facility
I still cannot understand how the "PPA" make money - never has revenue been anywhere near costs, the idea was costs was or the capital being installed in Walmarts and the revenue was the monthly "lease" payments - are we installing new sites at a great rate and why isn't the revenue reflecting 8 years of installed systems?
The fuel numbers are fudged again - or they are charging only $1 a kg to their long term customers.
But in the new business side of things everything is moving along in some places slower in other places faster than expected
This is significantly bigger higher margin than material handling business
SO very mixed report - certainly not a disaster but not a catalyst for short covering
- until they announce something else (Hmm no mention of Target they nearly closed that 7 years ago and that is the typical buying cycle...?)
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