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this looks like a bad news announcement to me.Needed to make $33...

  1. GDelaney
    357 Posts.
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    24/09/12
    08:59
    Post #: 10760398
    this looks like a bad news announcement to me.

    Needed to make $33 million of sales to pay off accrued expenses of around $9 million.

    That means that it sounds like share of top-line sales is around 27%. I haven't followed this one closely of late. . . .but that sounds like it is below expectations??

    On the flipside. . . . percentage may well have started off very low when sales were low but supporting a substantial fixed cost base. . . . and increased towards the end of the period.
    ACL Price at posting: 53.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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