1) If GSW is reducing Red rooster delivery times by 10 minutes, that is an expense I will take as a CFO all day long. 10 mins x $20 an hour payrate = $3 per delivery. IE spend 20c to save $3 ( not to mention the fuel savings in those 10 mins, that is a really high rate of return on capital for RR)
2) if the Fruit box contract is no longer material, then it should represent less than 10% of revenue. That means GSW will do more than circa 70 million deliveries this financial year. We should expect a 5-10x in transactions the next two quarters. This is the geometric growth referenced.
3) The only reason I can think of to place in a TH and prolong the pain is to procure comments from the major stakeholders of NA Williams and lock in the shorts.
4) both Bane and Joel have stated on multiple occasions that NA figures are conservative, IE cut back from the number provided by NA itself twice.
Good luck to holders!
GSW Price at posting:
$2.92 Sentiment: Buy Disclosure: Held
