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BSWB

04/05/11 7:57 AM

#863 RE: tykundegex #862

Nice write-up, thanks for that. Alot of positives there, though I wish they could bring that margin up. Getting it back to 20% would be nice but even then it's too low.
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tykundegex

04/05/11 8:22 AM

#864 RE: tykundegex #862

Just re-read my own notes. If Seymor will be at capacity by mid-year, and "capacity" is currently 80,000,000 lbs / year, and a pound of resin sells for approx. $2, then CERP will reach an annual revenue rate of $160m during 2011.

If they run @ capacity during all of 2012, then their revenue will be roughly 400% higher than this year.

Did I get that right??

Tyk