$500,000-800,000 would be in line with the $0.01 eps I mentioned above. Anything above that lower end I'd be reasonably happy with. Considering last quarter's 4c was -$2.5m that's a move in the right direction in my eyes.
However there's plenty of room for a positive surprise, given the retirement of a high paying director, and another director going non-exec and taking a huge pay-cut (AJX is till looking for another director so that's 1 less in the payroll). So I admit the 4C might be a little bit inflated which I'm happy to play with.
Of course no one knows how fast bedding is still growing, if tenting and/or others have started contributing. Not to mention how fast Pegasus will start contributing to profits. However, management did say we started shipping containers to them and that this would be the first quarter with Pegasus' sales, so hopefully my expectations will prove very, very conservative.
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