UNR Holdings Inc. (fka UNRH)

[Traderfan]

Seriously, either you just don't get what I'm saying or you do it on purpose. The 2 million one time costs for abandoning the project in the middle east are a very small part of the quarter. The main problem was that their cost of sales exploded for the finished projects in comparison to Q1.

We are talking about 50 cents in EPS in Q1 and roughly 7 cents in EPS in Q2 if you factor out the 2 million one time loss. That's what I'm talking about. No matter how you slice it the quarter was a dog sequentially. And yes they would have still been profitable and yes the stock is still cheap but Q1 and Q2 are very different on the bottom line and mainly NOT because of the 2 million one time loss but because the cost of sales exploded.


NO they wrote down a loss from pulling out of the UAE project, they took a loss of 2.5 mil. I did read the financials