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Georgia Gulf Corp. Message Board

  • tsar_wars tsar_wars Apr 27, 2006 5:26 PM Flag

    Excellent earning and

    debt repayment of $35 million to boot!

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    • I agree - it was a killer quarter. I am no longer convinced that we necessarily go up in price though. Already have seen the tainted Reuters news release - with "dissapointing earnings for GGC".

      It was a tough comparison with last Q105. Q205 should make a much easier comp especially when you consider all of the stuff which was lumped into this quarter.

      Any thoughts on the FIFO accounting issue? It said there was an adjustment of $0.40? I had always thought that GGC used the LIFO method. Maybe this has bullish implications due to the decrease in price of natural gas as perhaps most of expensive gas from fall was finally expensed out during this quarter?

      Best regards,