OK Net sales are up 8% year over year, but commodity lumber and panel prices are up 20-25%. Widget movement in volume not dolars is down not up and their operating expenses are up 8 million. Net loss of 23 million. 21 million negative equity. I am having a hard time finding anything good in their report. Why are they still open?
It's the same rhetoric every quarter. "we're doing great & it's the market's fault". Meanwhile they continue to bleed money. If it weren't for a commodity run-up, they would have been soaked even worse. Mgmt is just buying time until the tide rolls in.
Well yeah, they haven't handed out 'real' raises in 6 years to the common folk (sure, on paper they hand out raises, but then they turn around and 're-sturucture' the commission pay, which means at best you stay the same pay). So if you don't pay the masses any cost of living raises, then there is more money for the executive team. Standard operating procedure, steal from the middle class to pay for the upper class.