Stock Doctor, I will correct you (again), your analysis being totally off the mark. Where did you go to med school? Mexico? I think I explained a while ago why the 1st quarter cashflows were so large and why we should not expect a repeat.
Infact, far from being good or even mediocre, the current quarterly (at -$2.6m) is terrible. Better hope that South American customer pays up the rest (noting that there was a delay last year and if you read the annual report they weren't entirely confident they were going to be paid).
A business like HRD is going to have lumpy cashflows (and profits) - the quarterlies cannot be read in isolation for this company in particular. I appreciate the posts on this thread, and they were enough to get me interested, but I'm not biting into this cherry at current prices, and probably never will. Better to own a stake in a business with the same growth prospects but more predictable cashflows and profits, IMO.
HRD
harvestroad limited
