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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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From: maiaturnaround	4/4/2012 11:58:25 PM
	1 Recommendation Read Replies (1) of 1876

GF, you are estimating (on IV Board) flat earnings for Q2, 3,and 4. I assume you are basing that on the expected decline in bond income. I fully expect Streetlinks will DOUBLE gross earnings and perhaps more than double its net this year, simply based on employee counts there (150-175 new employees in Tampa; 150 new employees in Indy). The offset to the bond decline, as I see it, is the decrease in start-up (including trial/error) costs of subs as well as $2.5M re-organization costs in 2011. We may well see some NET from Mango, again based on its tripling of manpower over the course of the year. And, with the small increase in Advent volume, they should eke out a small profit for the year. Doesn't this added up to more than flat earnings as the year progresses?

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