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Saturday, 05/02/2009 3:27:05 PM

Saturday, May 02, 2009 3:27:05 PM

Post# of 615
Post from another board... CSAR Q109 was much imporved than Q108.

Q1 was actually much improved quarter than Q1 last year. Even though revenue dropped to $159M from $216M, gross margin improved to 16% vs 11% in Q108. Operating income increased 30% to $4.8M from $3.6M. The loss was due to impairment and restructuring cost - which are heading to zero in two more quarters. So without impairment and restructure cost, EBITDA = $4.8M.

Credit facility extension agreement is reached. senior notes extension are very likely to come this month. CSAR should move north next week.

All posts are only my opinion and are not buy or sell recommendation.

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