3rd Q 10Q - "We 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."
If you do the math with SG&A assumtion and they hit the range of what they say... then the 4th Q would look like this... Net income at 4 pts = -$150,000 Net income at 8 pts = -$1,750,000
"We anticipate that the average price of casein will increase another 33% or more in the fourth quarter of fiscal 2008." Yet since they thought Casein would increase 33% and it didn't.. thus I say they should make a profit.
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