Streetlinks Q over Q numbers for 2011 and questions on Corporate SG&A
Streetlinks income attributed to NFI from the 10K for 2011 was 6.501M and it broke down this way;
Q1 834
Q2 1,516
Q3 2,312
Q4 1,839
Total: 6.501M
Note that Streetlinks income attributable to NFI in 2010 was 3.5M thus they almost doubled from 2010 to 2011.
Note also that it was during Q3 that Streetlinks announced its expansion into their Tampa facility which essentially would lead to doubling their workforce and hopefully their volume of appraisals and other lender products and services.
I say this because I believe they are rapidly approaching a time when they are capable of doubling their Q3, 2011 output of 2.312M annually or about 18M a year. Can they do this in 2012? Maybe...Maybe not, but with the help of Corvisa I think they have both the technical means and the human resources to accomplish it.
Now on to Corporate SG&A. Might this number increase now that Novastar has announced three new executive positions at the corporate administration level? I'm guessing it will, and at approximately 20M already (21.5M for 2011 and 19.5M for 2010) its a big nut to crack.
Corporate SG&A annually consists of a lot of both fixed and variable costs. SG&A stands for Selling, General and Administrative expenses. Things like executive compensation, accounting, legal, restructuring, legacy overhead are included in Novastars SG&A and its something management must keep a close eye on.
I bring this up because I think its something worthy of discussion, and rarely do I see anyone talking about it other than maybe Novastars 24/7 Cyberstalker on Yahoo.
Comments about Streetlinks or SG&A?
Rich
aka
Rooky |
