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Finjan Holdings, Inc. Message Board

  • rolling_o2 rolling_o2 Aug 17, 2009 4:08 PM Flag

    They can produce it. Now, can they sell it?

    The latest 10-Q indicates -- at least to my satisfaction -- that the Woodbridge plant is CAPABLE of producing both solid and liquid fertilizers a rate approaching 70% of full capacity.

    Now the question is: Can they sell enough product to ACTUALLY USE that capacity. If they can, then both plants will be generating cash, but they'll still have to do better than that (100% in Woodbridge) in order to achieve overall profitability.

    The fact that Gonzales is now cash flow positive (at least during the normal growing seasons -- we have yet to see how they'll do in the off season) indicates that there is a market for the product, but they must redouble (and redouble again) their sales efforts on the East Coast, and especially in the South.

    Good to see that they're attending five trade shows from Aug - Oct:

    I hope that we'll see a significant discussion of the sales plan at the upcoming CC.

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    • Did you miss that part in the last CC? It wasn't a highlight. Ed said they sold what they produced with no order backlog and no warehousing. Hopefully they can drop the price enough to keep it from stacking up at the plant. Profitability might be pretty hard to achieve.

      • 2 Replies to groans33
      • I guess that it's a matter of interpretation of the word, "backlog". I had sensed at the last CC that they were -- with the relatively limited production at the time -- walking a fine line between shipping product per customer demand and having to delay shipments until the product could be produced.

        IOW, supply and demand were pretty closely matched.

        Now, if I'm right about the production capacity improvements, it appears that potential supply well exceeds demand.

        Maybe I should call in on Wednesday and ask some questions about booking levels, and also about whether or not said bookings are "aged".

      • LOL, LOL, Davey!!!!

        Do you REALLY think your crap that you put here (or anywhere) IS WORTH REPEATING?????

        This from the PPD board today sounded so much more....DAVEYBOY!!!!

        "I'm not a real invest on feel kind of guy, I just like numbers I can understand. If you need some help with this look up Joel Greenblat and read his book focusing on his Magic Formula."

        LOL, Davey!!! smile!!!!

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