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[QUOTE]Originally posted by blue_in_MI: [QB] well, i bet wrong, dammit: a disappointing Q. broke a string of very nice previous Q's. have to say that i am surprised by the selloff though. they took a one-time charge this Q, otherwise they would have made a mild profit: "Additionally, the Company decided during the fourth quarter of fiscal year 2005, that it would no longer allocate production capacity to manufacture its lower margin 35' Inboard, the 27' Cuddy Cabin and the 27' Open models. As a result, the Company reported a non-recurring $99,000 provision for loss on disposition of assets, compared to no such expense in the fiscal fourth quarter of 2004." obviously they are targeting the higher-margin boats. while this one-timer took this Q from black to red, hopefully will pay dividends down the road in terms of higher margins on the 38'. disappointed because i was hoping numbers would be better, but - i'm holding. next Q numbers are due out in just over a month, hopefully those will be better. also, their backlog remains strong. would definitely like to get an update on how things are going with the new facility. [/QB][/QUOTE]
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