LONGS beware of what I believe will be a big downer in the next several quarters earnings releases. Dating back several quarters, LBIX has recognized several hundred thousand dollars of revenue increases due to favorable currency exchange rates between the Canadian Dollar and the US Dollar. The US Dollar has rallied strongly over the last 6 weeks and what used to be a benefit will now be a detriment to earnings.
Hey pig-face (i.e., McRae), I am confident that you will try to use this as an excuse for poor revenue and earnings in next quarter's conference call. If you do try to use this as an excuse, be sure to mention that you had material foreign exchange benefits over the last several quarters, thus artificially inflating revenues that would have been abysmal without the favorable exchange rates.
Investors: Watch out for pig-face on this one, he will twist the truth and you should be aware of the facts BEFORE the conference call begins.