InvestorsHub Logo
Followers 67
Posts 5175
Boards Moderated 0
Alias Born 03/11/2009

Re: None

Wednesday, 05/09/2012 6:45:17 AM

Wednesday, May 09, 2012 6:45:17 AM

Post# of 19
Sounds like they will be able to keep the doors open for another quarter imo.

From their earnings:

"After giving recognition to the factors discussed above, we expect that the full year 2012 operating profit could improve compared to 2011 if we are successful at offsetting volatility in commodity costs and implementing initiatives for re-engineering our product line to reduce our costs, price increases, restructuring activities and other cost reductions.

We also expect that our operating cash flow could be sufficient to fund ongoing business requirements if we are successful at achieving the improved operating profit discussed above and Brazilian authorities do not significantly change their pattern of payments or past practices for the expected outstanding refundable Brazilian non-income taxes".

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.