"We expect our fiscal third and fourth quarters to show improvement over our second quarter, however, we anticipate the full year fiscal 2013 results will fall short of the fiscal 2012 figures."
Why then did he expand the plant by 50% in anticipation of all this new business coming their way? Something doesn't compute. Did they get the new business then lose it by producing poor quality product? Are they just liars? These results announced this evening, and the comment from them above, just don't make much sense.
New contract is encouraging but I can't help but wonder if history is not repeating itself. Will the plant expansion coincide with economic collapse in the second half of 2012 as it did in 08? Excessive money printing does not seem to be making it's way down to the "real" economy.