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Replies to post #75136 on Savvy Trades and Investments

Replies to #75136 on Savvy Trades and Investments
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gilead23

07/31/20 9:46 PM

#75137 RE: littlefish #75136

Are you saying the rent abatements were not included in the one times? I gathered that they were. They stated so in the press release and the numbers roughly line up. I took it as clean earnings were about .39
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michael t

07/31/20 11:00 PM

#75138 RE: littlefish #75136

littlefish-The lease abatements are part of the .13 treated as one time items. Total eps was .52 and adjusted eps which excludes the lease abatements was .39 for the 2nd quarter.


Net income for the second quarter of fiscal 2020 was $11.1 million, or $0.52 per diluted share, including a net benefit of approximately $0.13 per diluted share related to rent abatement savings and a recovery in eminent domain litigation, partially offset by the expense associated with the special employee recognition bonus awards previously announced.

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wadegarret

07/31/20 11:29 PM

#75143 RE: littlefish #75136

littlefish, BGFV

The company discussed the $3M(amounted to $.13 in EPS) in lease abatements when they posted the earnings report for the June qtr...



" Net income for the second quarter of fiscal 2020 was $11.1 million, or $0.52 per diluted share, including a net benefit of approximately $0.13 per diluted share related to rent abatement savings and a recovery in eminent domain litigation, partially offset by the expense associated with the special employee recognition bonus awards previously announced. This compares to break-even net income for the second quarter of fiscal 2019 of $0.00 per diluted share, including a $0.03 per diluted share benefit for the termination of a software contract."

Bottom line is, net asset value is over $9/share, they reinstated a nice 3.5% dividend, used $39M in cash flow and payed down debt, and guided for $1.00-$1.30 for the Sept qtr ! Now even if we to take out $.13 for lease abatements for the Sept qtr, it would still be around $1 avg for one qtr vs a $5.60 stock price ! I mean even if this is mainly for lowered expenses & huge demand for certain products due to the COVID, it could last for some time IMO, and the valuation at present is way way too low.