While I'm not going to speculate on revenues, I think they will not be much reduced from a year ago...but probably some.

Last year, the GM was 30%....Due to a weakened dollar's impact on sales, I'm looking for a bit higher around 32%.

Last year, the selling and adm. expenses were 29% of sales....this year, I'm looking for 24 to 24% of sales.

Last year, there was a translation loss, this year, I'm expecting a translation gain at least equal to the loss last year.

I believe MCZ will record an income tax benefit this quarter equal to the one from last year or larger....with a much bigger benefit coming in the 3rd quarter.

If these expectations were overlaid on last year's revenues, the bottom line last year's 2nd quarter would have been over 2M higher which would have raised eps by about .0365.

If this happens, MCZ has a very good chance at being profitable this quarter....and the 3rd quarter holiday one could be very good, IMO.

The link below is the PR on earnings from last year. The percentages mentioned above are referenced in the report and the income statement shows the numbers for analysis purposes.

http://phx.corporate-ir.net/phoenix.zhtm...