Extra week in revenue also means an extra week in overhead expenses...It called matching principle- matching revenue with expenses...The fact that PBY is finally turning the corner to profitabilty is huge for this stock...Mostly this stock has been valued based on its real estate value..Now add in an improving operating entity...wow this is stock should fly...Private equity must be on the way...
Nice try. Listen I accept its a positive step forward. However the stock is overbought here. The numbers are not as good because it will make the next comparable qtr very tough. As far as expenses give me a break many fixed cost where not effected . Another words it was dilutive to cost.
ie a months rent was still a months rent
I am just saying this is a good place to take profits before the summer