Skeets, if we don't get a pleasant surprise on net margins, especially if we get flat margins, it would show that Glenayre is not getting it's business together. It would show slower profitability. This would not be a good message to Wall Street, or to myself.
If I felt that Glenayre was not implementing improvements, as they had said in the 1st quarter report, I wouldn't be in the stock right now. But, I am in the stock and I feel, and hope, that we will see a significant improvement in their margins.
Of course, If I could predict the market, I wouldn't be here typing this message with my toes, while I was eating a peanut butter sandwich on stale bread. No, I certainly wouldn't! I'd be using fresh bread! And, I'd be able to afford to wash my feet once in a while.
So, you could be correct. Perhaps their innovations aren't successful, and perhaps they are still selling low-margin turnkey systems abroad. I hope not.
Regards, Bob
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