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magikalalpha

04/08/19 4:15 PM

#66792 RE: bking1965 #66789

What did he really say?
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armour1955

04/08/19 4:21 PM

#66801 RE: bking1965 #66789

Can anyone call their contact and get better data?
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Sean Portman

04/08/19 4:25 PM

#66805 RE: bking1965 #66789

Why is any of that relevant? Let's say your right, we're looking forward to what the new company can do, contract with, sell and partner with. Those are small amounts in comparison to all the plethora of positive possibilities in the next couple of years. That's why this is going to Nasdaq. Not because 4% or 19%. Just my opinion
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MTLTrader

04/08/19 6:11 PM

#66879 RE: bking1965 #66789

So because the average furniture store has a 5% profit, Rotmans must be at these values??? I checked official statistics for furniture stores in Canada (I could not find official stats for the US, but they must be similar) and while average net profit is also around 5%, the top 25% have an average of 26%! And if you only look at the profitable companies (75% of the stores), then the net profit is around 9%. Rotmans have been in the business for more than 50 years, you cannot be that long in business without nice profits every year, so I m sure they are closer to 10%, especially with their significant revenues from the lucrative business of mattresses, and 19% as I read on this board is definitely possible, but we will have to wait for the Super 8k to know exactly.

https://www.ic.gc.ca/app/scr/app/cis/performance/442;jsessionid=0001Www0fEa9nlS5fbPeLOStF_D:-10H6HE