It sounds like the insecticide business was off for natural reasons - bug infestations were low or something like that.
Still the results were a little disapointing to me. I would now guess Feramax levels off around 3mm in revenues. I had been optimistic it could be a 4mm product. Theres a big difference there when you ve got 80% gross margins.
It would have been nice to read more about the pipeline of new products. The new analgesic is supposed to start shipping in the first half so maybe we ll see some results from it this year.
Obviously the compnany is planning for some serious growth. Did you see they have just moved into a new facilty? I bet it's big, bump in rent expense is significant.
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