You would think so. Also the fact that they have cut / suspended the buy back to conserve cash. Major shift in fortunes that should have been talked about in the prior conference call. Will have to see how he next 4-6 months go to see if they can turn it around. -Or at least re-size and stabilize it.
Why is it that cost savings programs always cost companies money?
Our general and administrative expenses increased from $5.8 million for the fiscal 2012 first half to $7.9 million for the fiscal 2013 first half, an increase of $2.1 million, or 37%. The increase for the first half was due to expenses resulting from our reorganization and cost reduction initiatives and increased legal and audit expenses of $0.2 million related to the re-audit