i've been an investor in expo since just over 2 years ago and was *grateful* expo survived the macro environment of late 2008 .. i don't forget the market's implosion and credit seizing up overall .. suspect mgmt had to face numerous obstacles from 9/08 thru 3/09 .. as i've said it was only when i heard about ETC in the CC of july 2009 (links in the ibox for new eyes) that i realized that expo would not just survive .. but courtesy of ETC's potential .. they would thrive .. again time frame here re: marriage of ETC and big box diy retailers isn't measured in days or weeks ~ but within years which is why i'm so very confidenct .. exph sor see news re: one diy retailer within 6 months of the 2010 SM
i look forward to the co.s next level in their foundation being added for all of their shareholders
It's good you don't care how EXPH earns their money as their only bottom line profit shows up when they have sold off assets or stock. This is irrelevant if you are just flipping EXPH shares to the naive at the top for a profit. I was just clarifing that the company does not earn any bottom line profit on selling cabinetry. They do however make 5-20% margins on the cabinets sales themselves. It's just that their G&A expenses are so relatively enormous they can't carry those margins through to the bottom line which is why they need to frequently enhance their reports with asset and equity sales. IMHO.