Gilead, I nibbled today (finally got just a little).
For one, the big order didn't completely ship this Q (although after seeing margins this Q I am wondering if the big order is all that lucrative).
In January 2009, Synthetech received a $2.0 million advance from a major pharmaceutical company in support of a large order placed in November 2008, and which currently is scheduled to ship during the fourth quarter of fiscal 2009 and the first quarter of fiscal 2010, which begins on April 1, 2009.
I am hoping (not necessarily guessing) that some of the bigger SGA was associated with the big order and was charged mostly in this most recent Q reported so the rest of the order being rcognized in the upcoming Q will have lower overhead SGA with it.
I only bought a little, and this is just a hope not a guess. Plus I want to review the whole 10Q when it gets out tonight.
OK off for the day.
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
