AYSI is cheap. I'm gonna call tonight to talk to someone about how much down time they had in December and January. I think AYSI was running near full capacity last 2 Qs (Dec-Jan downtime runs end of fiscal Q1 and into Q2) considering their current 1 shift and employee levels. And they managad about $1.7 mill revs Qs each. But they had vacation time for December and plant closure beginning of January they do annually for equipment upgrades. I heard they were closed less time this year in January than in previous years because they had work they needed to get done.
If they missed 1 week in January for downtime (their Q2), then that means they missed a bit under 10% of time that they should have for Q3 since q3 should be a full 12 weeks. So simple math means they MIGHT do about $2 mill revs in Q3 if they're going full blast and the guys aren't worn out (last Q's $1.7 mill revs plus 10% for the extra week puts them just shy of $2 mill). However, I'm looking more for about what they had last Q (say about $1.8 mill revs) with a slight chance for upside. Had I not been disappointed in the last Q report, I'd probably be thinking closer to $2 mill revs+. In talking with management though, theyseem pretty gung ho about future prospects. I want to see more concrete proof of that in the earnings reports though before fully believing in them. Good luck, I bought most of my shares over $0.50. Maybe a weak hand or two will get pushed out in this selling to get you filled. It trades thin though.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
