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July 22, 2009 – Comments (2) | RELATED TICKERS: MEG
Its now a lean mean machine going forward.
It got rid of non performing division and now its income from continuing operations before taxes was $3.8 million in 2009's second quarter compared with $2.6 million in the year-ago quarter.
They were able to increase income by $1.2M with a leaner company.
This is going to be one heck of a stock on eps upward momentum going forward with continuing operations.
It was well above $10 last year at this time with $1.2M lesser income.
This is yet another example of why the $100M limit to rate a stock should be lifted. I saw this before it hit $3 but was not able to rate it because it was under $100M. How are we suppose to get 5 bagger and 10 bagger picks if we can't rate them at their very lows.
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