CGPI - the ASP was above expectation. The number weren't outstanding - compared with proportions they sold during last year at least - By beating my ASP they hit my revenue expectations by doing fewer sales - I'm guessing a few sales were lost in effort to get higher return? Good if you can do it :-)
This is peak season for CGPI but I'm guessing Nov / Dec / Jan should be the best months - they could make exceptional numbers? Regardless, they are on target to beat their 7000 estimate comfortably.
Our strong, recurring cash flows and fortress balance sheet provides us with sufficient capital to support our organic growth for many years to come.
Cash has so far been converted into inventory. Given their prodigious building requirements coming up I had hoped that the cash would be piling up on the balance sheet but this hasn't happened yet. I'm not so convinced by the "fortress" comment - if others are then I'm all ears as I'm confused about their requirements, the timing of requirements and if they would be prepared to delay parts of the project.
Good Month and it's excellent that they provide revenue transparency.
rich
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