Take that out of the costs, plus, say, an extra $100K for corporate costs relating to the consolidation, company effectively broke even for the quarter.
Still early days to make qualitative judgments, but, sound "foundations" seem to be there with prospects of improvement with reduction of costs and potential for increase in POO all positive indicators.
IMO, "market" will not anticipate those developments and will wait to see them actually translated into bottom line numbers.
Ann: December 2016 Quarterly Reports, page-6
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