I was way off on revenue I thought 80 they came in at 112. Al said several times they worked down Finished goods a lot. If this is 20 M of revenue it will not contribute to profits much at all since it is on the books as inventory. So much of the sale just comes off inventory and no contribution to profits. Based on this info I will lift up my profit number from 10 M to 25 M. If I am correct that means that profits dropped 83%. If Profits come in at twice my guess that is 50M they were 150M in 2023 SAR That does not make for good press when Profits drop 66% YOY. They were only shut down for 25% of the half. Think about this. Do what you think is best for you, not what I say
I will be very interested if AL gives us any Insite into how Lamp is doing a month from now in SAR CC
LYC Price at posting:
$5.81 Sentiment: Sell Disclosure: Not Held
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