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Re: RoRo22 post# 209297

Wednesday, 05/11/2011 11:31:12 AM

Wednesday, May 11, 2011 11:31:12 AM

Post# of 249634
RoRo. What Feeney said was "all things being the same". I think the second quote attributed to Feeney is really Steven, and he somewhat counters Feeney in that he suggests investing in the future is more important than trying to show a profit at this time.

<A – Gerard T. Feeney>: Right. If you think about it, with the fourth quarter-ending at about $7.037 million of revenue, just on the automotive – automaker revenue, we would expect in the first quarter an additional $1.2 million worth of revenue. All things being the same we’re bringing it to about $8.2 million of revenue, compared to the fourth quarter with operating expenses of $8.247 million. So, for the first quarter, you would expect to see at least positive EBITDAS for the first quarter and a chance of hitting actual earnings for the first time in the company’s history in the first quarter, although it’s still too soon to estimate that.
<A – Gerard T. Feeney>: And I would just add that I think that at this point in time, our sense is that, and the demands that are put on the business are hugely interesting, and the opportunities for expansion are hugely interesting. And so we’re investing in the growth of this space, because we want to continue to maintain our leadership as opposed to sit back in our current presence and say, hey, look what we’ve achieved and here’s why we are a profitable business.

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