Replies to post #767 on Galaxy Nutritional Foods, Inc. (fka GXYF)

[zsvq1p]

3rd Q 10Q - "We 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."

If you do the math with SG&A assumtion and they hit the range of what they say... then the 4th Q would look like this...
Net income at 4 pts = -$150,000
Net income at 8 pts = -$1,750,000


"We anticipate that the average price of casein will increase another 33% or more in the fourth quarter of fiscal 2008." Yet since they thought Casein would increase 33% and it didn't.. thus I say they should make a profit.

http://future.aae.wisc.edu/data/monthly_values/by_area/801?area=US&tab=prices&yoy=true

Also... since they are for sale, I predict they will not show a loss and did in fact get some price increases and cut some cost.

[trade2much]

giff ++++++++ NI is good