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littlefish

07/23/08 9:49 AM

#2688 RE: Esaum #2686

If they were just a one good Q company, they would not have put out the last year's+ results. This is a trend that is just getting set into place. There will be occassional rough patches as some of us have seen already since last year.

But the underlying product and now finally a chance to grow capacity are falling into place.

Daveinhackensack, here's a link to a short FMG announce regarding their expansion plans:

http://www.fmgl.com.au//irm/Company/ShowPage.aspx?CPID=1592

They'll be updating further before too long. The $1.8 mill order is an initial order for the beginning stages of Christmas Creek and probably partially fitting out some equipment FMG is bringing into production IMO. IMO there will be a fair amount more to come.


I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog


"We didn't build this company on the sniff of an oily rag."
-Anonymous

cleverrox

07/23/08 12:17 PM

#2689 RE: Esaum #2686

I think you will see $0.03 to $0.07 for this quarter unless they can squeeze even more capacity out of the mill. My guess is $0.05. The $0.07 last quarter was on about the best gross margin we have seen them capable of doing so far. I wouldn't bet on continued gross margins that high.