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Thursday, November 05, 2009 4:44:01 AM
That said last year Q2 & Q3 were the same - so they could get $46 million but that said I don't know if they shoot low on their estimates? If they were really that much higher then I would wonder why they didn't gun their recent estimate, 22 days after the quarter closed, a little higher?
They do have more branded franchise shops than they had last but many of the shops were still selling their fertilizer last year (see previous posting). The benefit of branding is that the shops start to sell a higher and higher % of YONG - so this is a slow burn benefit YONG will see over the next few years.
So, you might well be right but I won't be upset if revenues were $33 Million - I'm hoping for $35 and anything above is bonus time.
I this a reeasonable scenario might bethe Non cash charges generated by warrants to come into play and reduce the GAAP EPS - this may well panic some investors and there could be a sell off but I hope that more experienced investors would see that as an opportunity.
Ooooh, I'm such a wet blanket!
rich
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