Also, Edison should be kicking in Q2, since all that hot El Lay weather is making fridges fry, even as I write this. Also, Edison is pushing this year's program hard, so there's another double whammy.
More used appliances turned in should mean more byproduct revs, and everything wrapped up can mean at least 10% jump in revs Q1-Q2, hopefully 25%, thanks to new appliance retail season spike's positive effect on recycling fees, in all that hot SoCal weather.
If ARCI can keep cost of revs flat, which is likely, and SG&A growth in line with revs, after interest payments and subtracting minority interest in NI of El Lay plant, we can see Q2 revs of $4M, with NI of 200K-$300K+, which could be about $0.20-$0.30 EPS vs last year's Q2 loss of $1.44. This would mean 97EPS of about $1.00, giving ARCI a forward P/E of 3-ish, and 97ROE of about 20%.
On the other hand, I could be completely wrong.... |
