That Joe speaks for this Joe, too.
Some positives.
-Revenue was up despite the challenges.
-The rice for the derivatives is not their fault, but this is a big blow for them.
-They kept SGA consistent due to productivity.
-A day late and a dollar short, but they finally admitted they were clueless about running a rice bill. I think back to those calls with that jock strap they had as a CEO talking about unwinding backlog for quarter after quarter. It was basically a keystone cop operation.
But again, the negatives are simply too egregious to ignore. I expect the stock to have no legs at all in the coming months. Don't expect any new announcements of any substance for this quarter, either. Showing up at an expo to ply your wares is not news.
Will lurk and check in every now and again.
GLTA
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