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Annie's, Inc. (BNNY) Message Board

borednsf 3 posts  |  Last Activity: Jun 22, 2014 4:23 PM Member since: Feb 22, 2013
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  • Problems in transitioning to, or a failure of, our new ERP system could impact our ability to operate our business, lead to internal control and reporting weaknesses and adversely affect our results of operations and financial condition.

    We have recently implemented a new ERP information management system to provide for greater depth and breadth of functionality and effectively manage our business data, communications, supply chain, order entry and fulfillment, inventory and warehouse management and other business processes. Problems with transitioning to our upgraded system or a failure of our new system to perform as we anticipate may result in transaction errors, processing inefficiencies and the loss of sales, may otherwise disrupt our operations and materially and adversely affect our business, results of operations and financial condition and may harm our ability to accurately forecast sales demand, manage our supply chain and production facilities, fulfill customer orders and report financial and management information on a timely and accurate basis. In addition, due to the systemic internal control features within ERP systems, we may experience difficulties that may affect our internal control over financial reporting, which may create a significant deficiency or material weakness in our overall internal controls. The risks associated with this transition to our new ERP system are greater for us as a newly public company.

  • borednsf by borednsf Jun 18, 2014 3:53 PM Flag

    I've been waiting to buy for a year! Thanks PP!!!

    Sentiment: Strong Buy

  • borednsf by borednsf Jun 11, 2014 8:15 PM Flag

    Just entered bear market territory down 20% form peak.

BNNY
33.33+0.17(+0.51%)Jul 9 4:02 PMEDT

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