Replies to post #10302 on Unique Logistics International Inc (UNQL)

[Almost A Myth]

All good. It's a good number to look at to gauge efficiency.

Someone pointed out earlier that the company has recently streamlined operations by consolidating many branches into one company. Plus we have the second merger on the table with the parent offices in India and China. That time frame was 12 months from the already completed merger, so that's down to about 10 months now, maybe less.

So I haven't looked at operating margin because the sector is booming, the revenues are very strong, and they are taking major steps to streamline the company by consolidating all of these operations into one place.

Also remember they have a revolving credit of $25M with CoreFund Capital. CoreFund buys the accounts receivable, up to $25M, so Unique never has to worry about when they are getting paid.