Wednesday, July 15, 2009 12:56:34 PM
Delay 1st and 2nd quarter revenue for the 3rd and advance some 4th qtr revenue into the 3rd. in order to fool the investors.
Lee and Allie will aid in stuffing the third quarter full of revenue for the big stock push. Other games include selling hogs at the start and end of the quarter. You can run a hog operation with three cycles so that would be another 1/2 million. The soda sales could help out also as COGS (Cost of Goods Sold)can be played with for a quarter or two.
A stand alone quarterly financial is useless as there will be no comparisons cause the '08 quarterlies were not audited.
Too many games to play in the third quarter. With the Wow launching in September the current shipments will be paid for while the A/R will be growing older as they can not be included in sales for the 3rd quarter.
Note:
The swine flu issue has caused many farmers to hold off on any changes in operations so Jared's sales are not materializing. However, the government is taking a look at the hog industry and changes are being talked about which could lead to Jared's product being in big demand but the big boys will carve up the market with scale of economies. This is where EESO is bouhgt out by a growing hog operator. SFD will go with NOVO while the other operators will have to consolidate to manage the additional federal requirements on odor and other safety practices. Two to three years before this event occurs though.
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