beaten out it, IMO. IMO, the absence of Baltimore is now priced in. Conversely, the presence of Baltimore is priced out. I sure want to see what the price looks like when Baltimore has to be "priced in."
How do you figure out of business? It's not a major quibble, but it seems to me that the current price has a few pennies earnings priced in.
I think that Brekford has done an excellent job over the past couple quarters by staying near break even while absorbing the Baltimore ramp up costs. Prior to Baltimore they were able to make a couple cents profit with largely the fit-up business, which, to me, is what the current price reflects.
This tells me that once Baltimore begins the results will go straight to the bottom line. The clarity of outlook for these earnings is better than you typically get because the deal is already inked.