Friday, May 28, 2010 10:30:58 AM
Hello CHIO people. I have been in this puppy with a small position for a while now. Was looking to accumulate at the .40's, CHIO has been relatively profitable the past year, until this latest report. This line kept popping up constantly:
This decrease is due to the fact that we were temporarily unable to obtain purchase orders from certain insurance agencies and insurance serving companies during the fiscal quarter ended March 31, 2010.
Does anybody know what happened last quarter that this would be the case? They state that everything is back to normal NOW, and that numbers will be back to where they used to be. If this is true, then CHIO is at a great discount now, but I would like to know what caused their problems last quarter. Thanks!
This decrease is due to the fact that we were temporarily unable to obtain purchase orders from certain insurance agencies and insurance serving companies during the fiscal quarter ended March 31, 2010.
Does anybody know what happened last quarter that this would be the case? They state that everything is back to normal NOW, and that numbers will be back to where they used to be. If this is true, then CHIO is at a great discount now, but I would like to know what caused their problems last quarter. Thanks!
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