Actually JMIH would have posted excellent earnings if not for the 1-time loan guarantee expense of $91K. Q2 earnings would have been .013/share! I was impressed with the strong gross margins...despite the rising cost of resin. Hopefully JMIH will begin to pass along those costs as other boat manufacturers have started to do recently. Plus the new 38' model should boost sales going forward.
The stock probably would have gotten a big pop today if not for that loan guarantee expense. Still think it will move up. If not, I'll gladly pick up some more shares in the .20's.
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