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One other thing to consider . . . in this latest pr MAGS announced 8.5M worth of new contracts. Considering that they generated 70.4M worth of sales last year ('08) is this good news or bad news?
If this is the best they got for '09 then without question this is not just bad news but very bad news. SG&A, a large portion which is fixed, will eat them alive. This could turn out to be their last (emphasis on 'last') year. 'The Registrant expects to report revenues of approximately $70.4 million for the year ended December 31, 2008 as compared to revenues of $72.4 million for the year ended December 31, 2007. The Registrant expects that it will report a net loss of approximately $32.6 million for the year ended December 31, 2008 as compared to net income of $1.9 million for the year ended December 31, 2007. ' Rating :
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ment. What gives? Looked like a pretty good series of c...
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roboklerk | Rate it | 6-Jul-09 08:19 pm | ||
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Sorry second sentence in prior post should begin: ...
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roboklerk | Rate it | 6-Jul-09 08:22 pm | ||
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I've been shorting this stock in size (10,000...
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yogalad_ret...
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Rate it | 7-Jul-09 12:52 pm | ||
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Re: Lower Than Before Contract Announce
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yogalad_ret...
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Not rated | 8-Jul-09 04:33 pm |
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