PRIME EXAMPLE OF A GROWTH STOCK!
Looks like the tax rate is going down. Was 52% seemingly forever, down to 47% this quarter. I wonder if that's here for good.
Joe pretty much hits a ceiling on his earn-out in the mid $20Ms, so the incremental sales growth cuts into the impact of the "effective" tax rate.
...counter-intuitively, the higher the sales, the lower the effective tax rate
Waiting to see how much else played into the numbers, and how much is left for Q4. Looks like we'll have to wait for the call.
Store count for ELSE doubled to 314.
Unfortunately, the Company can't put more of the sales increase to the bottom line.
Retail strategy continues to be a failure.
Price will hold in relevant range, unless there's an analyst change of heart.
If lucky, the whole year EPS will hit $.08....which does not a $1.50 stock make.
as Crossman didn't make any positive comments in the press release - margins are getting better despite the growing ELSE product line.
Solid quarter all in all but not enough to move the stock significantly - retail strategy will take years to deliver any meaningful impact on the bottom line.
muted after hours reaction so far - to give the stock a real lift the company should do a reverse split to leave the 0.01 or 0.02 earnings range.