HDSN - The market didn't seem overly impressed with the results. I ended up selling half of my holdings before the market closed today. I'm hoping that ends up being a bad move.
I thought the conference call was pretty positive. I'm definitely not clear regarding what's going on with their taxes. Supposedly there was a tax benefit this quarter of $11.6M. If you add that to the income tax expense they're showing for this quarter, that equates to a 40 percent tax rate. Doesn't seem to make sense. Maybe someone can chime in on this.
Here was the CEO's response on the call when he was asked a question regarding the company's over $290M revenue target for the year: