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Art's-Way Manufacturing Co. Inc. Message Board

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  • cashflo2u2 cashflo2u2 Apr 29, 2005 11:01 AM Flag

    How come nobody respond post #816?

    From the 10K
    "The agricultural markets we serve are generally forecasted to
    remain constant in 2005, yet we anticipate that our sales and profits
    before tax for 2005 will increase slightly as we bring new or improved
    products to market." - From Item 6. Management's Discussion and Analysis or Plan of Operation second pare under (b)(ii) Results of Operations. They did not update this is the first quarter report. They also said in the 10K that the backlog at February 2005 was $4,700,000 but in the first quarter report said it was $4,100,000. Are they having cancellations? I think they have a 20 something CFO and she is basically a staff accountant. Kind of a lightweight.

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    • From the 10K
      "The agricultural markets we serve are generally forecasted to
      remain constant in 2005, yet we anticipate that our sales and profits
      before tax for 2005 will increase slightly as we bring new or improved
      products to market." - From Item 6. Management's Discussion and Analysis or Plan of Operation second pare under (b)(ii) Results of Operations. They did not update this is the first quarter report.
      ---------

      True, they did not.

      --------
      They also said in the 10K that the backlog at February 2005 was $4,700,000 but in the first quarter report said it was $4,100,000. Are they having cancellations?
      --------

      Let's be fair: they could have filled some of that backlog in Q1. After all, it was certainly a quarter well ahead of any expectations one could glean from the 10k. the question for investors is: was Q1 just an aberration, or the beginning of a year that will be well ahead of last year?

      -------
      I think they have a 20 something CFO and she is basically a staff accountant. Kind of a lightweight.
      ---------

      And you expect what from a 12 million dollar company?

      One thing I don't like about ARTW is they have no investor information at their website. That is not good policy.

      • 1 Reply to DrWhomever
      • Dr. Who, thanks for checking and answering. I did make a mistake on the backlog. The 1st quarter 10Q was referring to the March backlog. I agree their website leaves a lot to be desired. I don't think it even lists all the directors. Even though it is a small company I expect a little more competence in the CFO. The wording of the financial PRs and SEC reports are rinky dink bush league.

 
ARTW
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