after reviewing beder report from 8/15 he did take into account 10% reduction in sg&a. he also says the full effect of the cost reductions and sales of excess inventory will be seen in the q4. states that the company is back in europe in six countries. having said all that, still only see sales of 35.8 mill in 2007. minus the 16.8 mill in the bank that leaves 19 mill for the rest of 2007.
if you look at these numbers you will see that the company would have to increase sales very very slightly to meet beders numbers of .04 cents in 2007.
what does that mean? are sales stalling again? what we gain in europe we lose in u.s? is that what we have to look forward to?
maybe beder is wrong again. maybe his sales forecast is too low. he has yet to get it right with this stock. check this out. 1/30/2006 lAST SALE 5.20 TGT PRICE 7.00 INITIATED BUY 03/08/06 LAST SALE 6.06 TGT PRICE 10.00 UPGRADE STRONG BUY 09/18/2006 LAST SALE 4.47 TGT PRICE 10.00 REITERATED BUY 11/15/2006 LAST SALE 2.36 TGT PRICE 3.00 REITERATED BUY 8/15/2007 LAST .96 TGT PRICE 3.00 CAUTION, EXTREMELY RISKY
BOY I WISH THAT THIS GUY IS WRONG AGAIN AND THE SALES SHOW GREAT IMPROVMENT, BUT EVEN A BLIND DOG CAN FIND A BONE EVERY ONCE IN A WHILE.