Saturday, August 03, 2013 6:10:48 AM
Lease expense was $17,000 and landlord was increasing rent
Payroll for that store about $7,000, then expense for utilities
All that for 4% of total sales (32K/770K)
All in all a disproportionate expense especially given the growth of Internet sales which provide the vast majority of revenues to sustain and grow BRAV, all with a much lower expense ratio.
Based on the above, an excellent decision by Danny to use resources more effectively.
So, the facts are:
Would have had increased quarter over quarter revenue even without the Robertson store
You continue to intentionally misrepresent company results
I have offered to buy your shares if you are concerned with the status of BRAV.
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