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Re: Wall Street Antiques post# 716

Friday, 02/29/2008 1:34:31 PM

Friday, February 29, 2008 1:34:31 PM

Post# of 828
I think that would really boost the share price...

The problem here now is guidance.... Last Q said, "further anticipate that gross margins as a percentage of net sales for fiscal 2008 will be approximately four to eight percentage points lower than our fiscal 2007 annual average."

Average gross margin in 2007 was 40.58%.

Thus based on that comment makes for (4)37% to (8)32.58%

At 37% makes for what I project a break even 4th Q.
At 32% makes for what I project a ($1.1 million) 4th Q loss.

I do think it will be break even.

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