....made $10,000, on $6.843 million in sales, basically breakeven.
Sales up 9.5% sequentially. But I was hoping for a lot more in sales.
Nevertheless, its amazinging that BDR has brought down their breakeven to $6.8 mil in sales/qtr. I mean a year ago they had almost three million more in sales, and made a penny.
BDR's taken the meat cleaver out to chop away at costs. And if they can increase revenue just a little, their leverage is tremendous.
I mean each additional million in revenue over $6.8 mil would bring in like five or six cents per share in eps. So, if they were to get back to $9.7 in sales for the quarter (like a year ago), that would be a .17 eps quarter.
Could be some morning sellers, but I don't think its ovevalued here at $1.25, especially if you believe the economy will rebound.
I agree with you Fab as to your assessment of the report. I don't think I missed anything on the last CC by not listening. That is, not knowing about mgt's confidence in rebounding sales did not prove hazardous now that this quarter is known. The market appears to have been right by not pricing in mgt. revenue prognostications on this quarter just reported. They certainly "OVER" expected with regard to revenues this time. It's hard to understand how mgt. could be so far off with regard to revenues expected. All the best.