Quote, "I would have liked to see them raise the annual rev estimates in view of the quarterly revenues were up a little. Not changing it gives the impression than revs will be down the next 2 quarters. Annualizing the revenues to date would put it at $58 mil. Surely Myford will have accelerating revenues for the next 2 quarters that would push that number higher."
Yepper, good catch. I noticed thee exact same thing when I was doodling some of the numbers in my head yesterday. Something about the "math" just doesn't seem to "pencil-out" correctly in my mind either?
IF, as you correctly stated, they're supposedly "growing revenues" a blah, blah, then WHY didn't they increase year end "top line revenue" numbers? I totally agree.
I came to the same conclusion as you; that this makes it appear to me, that they "sandbagged" this supposed "anomaly" ole quarter, and NOW are expecting, or know, they're gonna have a few "soft" next two quarters, else their year-end projections being locked at $50 to $55 mil make no sense and should have gone higher ?
Given the quarterly rate to date, divided by two, they should be expecting a higher year end number, but it they won't or haven't stated it, and did NOT increase it in the 10-Q and especially on CC "guidance", as they must be allowing for some "soft" quarters here going forward IMO.
Something is amiss, as usual in them there ole PPHM "revenue projection" numbers. I see a lower quarter coming in the next qtr or two, aka thee ole "ANOMALY" report AGAIN.....yepper....totally agree it doesn't pass the smell test....
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