Replies to post #716 on Galaxy Nutritional Foods, Inc. (fka GXYF)

[zsvq1p]

I think that would really boost the share price...

The problem here now is guidance.... Last Q said, "further anticipate that gross margins as a percentage of net sales for fiscal 2008 will be approximately four to eight percentage points lower than our fiscal 2007 annual average."

Average gross margin in 2007 was 40.58%.

Thus based on that comment makes for (4)37% to (8)32.58%

At 37% makes for what I project a break even 4th Q.
At 32% makes for what I project a ($1.1 million) 4th Q loss.

I do think it will be break even.