Replies to post #304 on Greystone Logistics Inc. (GLGI)

[Phaedrus77]

Ugly quarter.

I don't know how they can say that the "primary" reason for the drop in pallet sales was Miller. I calculate Miller sales were down 20% yoy and other pallet sales were down 22%.

Like I said earlier, Kruger calling this thing a "high growth" company and claiming to continue growing sales at 10%/year is a complete joke.

I hate it when companies quit giving you information when things aren't good...why in the world wouldn't they break out resin sales GM like they've done in the past?

I'd guess that they have to pay that rental fee no matter what, so as long as the resin sales price covers the variable costs, it makes sense to sell it.

[NoNameStocks]

Nat, this wouldn't be the first time they've left out the cost of resin sales. They did the same in the 10-Q filed in Jan 2014. I believe that's the only other time though. Don't know why