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Parkmart

11/15/17 4:42 PM

#48851 RE: Cheekie #48850

I don’t give such statements any credence. They are usually made in response to a shareholders questions when there are no good answers.
As I said before, no one in any company really can guess what will happen in three years.

Parkmart

11/15/17 4:47 PM

#48852 RE: Cheekie #48850

I have done projected financials for clients going out a year or two.
They use them for budgeting purposes.
Of course the projections and budgets are dynamic and have to be reviewed/ adjusted every 90 day’s.
Looking forward has limited usage unless major capital investment is anticipated.
Variables can be adjusted in the short term, fixed costs can’t.