Agree with revs of $17 but if you look at net income avail to common shareholders/weighted average shares outstanding then go through the last Q (9 months income statement) you get:
to get fiscal 2014 of $1.19 (reported $1.58) excluding $2.3 mil tax benefit (.39)
Fiscal 2013 also included a $2.3m tax benefit
Q4 y/y was
$17m vs $18.3 m
Income from continuing operations $2.6m vs $2.3m
Still comes down to a real cheap stock even if you assume a flat line in eps
This morning, TEAR announced interim results of a multi-center dry eye disease (DED) prevalence study being carried out at four hospitals in the U.K.
We believe that the results of this study are extremely positive for TEAR, increasing the potential that the TearLab osmolarity test will eventually be adopted by the UK’s National Health Service (NHS).
• The study compared the effectiveness of the TearLab osmolarity test as compared to other traditional methods of diagnosing dry eye disease (DED).
• The interim results showed that of all the tests used, osmolarity had the highest correlation to actual disease
• The study also found that ‘traditional’ methods of detecting dry eye do not work well. Of particular note is the fact that ~20% of patients with significant symptoms had no other sign of dry eye except for hyperosmolarity and the fact that without an osmolarity test doctors were only able to diagnose 34 of these symptomatic patients (~28%) with dry eye disease.
• The implication from these results is that implementation of osmolarity testing could potentially improve diagnosis, and reduce cost, within the NHS. The current practice in the NHS is for symptomatic patients to visit a general practitioner, who would then refer that patient on to an ophthalmologist at a cost of approximately $60 per visit. Even then, the tests being performed by the ophthalmologist are generally ineffective. An alternative practice might be to have the GP’s accurately diagnose DED using the TEARLAB test and avoiding the ophthalmology referral altogether.
Guess you didnt realize how lumpy E&C is when you bought. Look at MTZ and MG also. Big misses, stocks get hit, then bounce back. Backlog is true indicator of whats going to happen to the stock.
Record backlog and about .05 of integration expenses in Q4. Company always gives conservative guidance at the beginning of the year.
Cant happen with Libby...anti-trust. Libby tried to buy them years ago and justice dept killed it as it would create #$%$ monopoly
its a shelf not an offering...they could say a billion shares and warrants..doesnt mean they'll issue them. You think Gary is going to severly dilute his position?
He doesnt take a job unless he's got free reign and I dont think the Clinton Group and Monomoy hired him to do anything but to fix their investment.
Sam A. Solomon, CPA, MBA, is a senior executive with more than 20 years of experience in finance, marketing, operations and management at global companies including The Coca-Cola Company, Procter and Gamble, Kidde PLC, SPX Corporation, The Coleman Company, Inc and Sears Holdings. Sam’s C-Suite track record repeatedly demonstrates his ability to quickly build and lead teams that deliver sales, share, and profit growth.
Although he is in Effie award-winning marketer and multiple vendor of the year supplier, not all of his success stems from sales/marketing flash or e-commerce magic. He has successfully implemented multiple ERP systems, built and closed factories, divested and integrated business units and restructured distribution networks and management teams. His consumer insights, eye for innovation and product manufacturing/sourcing capability have enabled him to expand product categories, improve margins and generally delight customers.
As the President of $2 billion Sears/Kmart Tools, Hardware and Paint business, Sam galvanized a team profitably turned around a decade of devastating revenue, share and profit declines. He built an ecommerce platform and strategy that enabled the team to triple Lowe’s or Home Depot’s ecommerce share. Tools teams’ focused internal resources on neglected strengths and ferocious execution that enable them to not only stop the bleeding, but also return the beleaguered business to its highest levels of profitability since 2007.
Solomon was recruited in Coleman as its chief financial officer in 2005 served as President and CEO from 2007
His accomplishments include:
Leading Coleman to double-digit sales and profit growth through innovative marketing and sales strategies and operational excellence.
Building international platforms that deliver one half of Coleman’s sales and profitability.
Playing a pivotal role in acquisitions that propelled Jarden from a middle-market contender to a Fortune 500 Corporation.
So you own your own company and pay top wages WHILE you work for Anchor? "we are the least paid for the jobs we do" "I, nor anyone I work with, caused the issues, but they want us to pay for them" Just another union guy who thinks they're worth more than anyone else.
banks dont want to own the plants and inventory. A forced liquidation/bankrupcy will prob get them only ten cents on the dollar.
So the comapny is supposed to pay high wages and not turn a profit? America was built on capitalism. I can see you never ran a business. Why dont you start a business and pay non-competitve wages so that you only breakeven or lose money to keep your employess overpaid?