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Gencor Industries Inc. Message Board

  • mmarc589 mmarc589 Dec 12, 2008 4:48 PM Flag

    4Q results

    Revs up 40% to $21M for the quarter. OI $1.2M. Company had a $1M decline in marketable securities, which pretty much eliminated Income. No more synfuel credits. Those were nice.

    Great top line growth. Surprised they didn't have more profit. I guess they couldn't pass raw material costs on.

    Book value still above $10

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    • beanbean, you posted numerous messages that you thought the company was going to have huge losses on investments. They didn't. Now you are assuming they are going to lose a bunch on investments in 1Q.

      Do you have any sound basis for your assumptions? If they only lost $1M in 4Q, I doubt they will lose much more in 1Q. They did make $5.8M last year on investment gains.

    • the company failed to execute.look at the back order number and we will have about a 5 million dollar loss this coming quarter on investments hence the next quarter will show about a 6 or 7 million dollar loss.Looking beyond that hopefully the comps will be easier.

    • nice growth in operating income, but blew it on their investments...still wonder why they are managing money...this is not their strength...distribute it out to the owners and we'll allocate it how we'd like. And if you're going to use it to grow the business in the near future take it OUT of RISKY ASSETS!!! Timing the market definitely isn't their or anyone's expertise...no one can do it so why should an asphalt equip company be so different? Anyway, working capital $90 million ish...let's hope they don't blow our capital on a stupid acquisition or unwise investment...

9.788+0.058(+0.60%)3:52 PMEST

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