If you want to buy into the idea that PBY is making a profit; don't. All they did was reduce the dividend to make it look like the were now making a profit. When I go into my local PBY and there are employee's standing around chit chatting and there are no customers; you know that something is amiss.
You really need to take Accounting 101.....dividends are paid from profits, cash flow or bank borrowings....they don't effect EPS one iota....I do agree PBY is overstaffed due to their operational system which also negatively impacts the customer service experience as I have stated and elaborated for years on this board. DaninFW