j,
Q1 had lower gross margins and a host of other factors that have changed, IMO. I don't want to us Q4 as an out right comparison to Q1 98 as there is a big difference in how Q4 and Q1 run, crew size and work hours to name a couple.
I am takeing a different view this time and useing unit per week as a ratio to revenue. From personal experiance with running production crews, I am assumeing that first OT was cut and then perhaps some of the work force. It never did sound as if crew size dropped in a big way. my estimate is based on where the rubber meets the road. Units produced should remove some of the gray as all of the above heads to this. There is always some grey, would not be any fun other wise.
300,000 is 75% of 400,000 units/ week (a gray area to some degree). 75% of $40,000,000 rev is $30,000,000 over 12 weeks. $30,000,000 devided by 12 wks times 10 wks is the $25,000,000. A lot less work then how I usually do it.
Hey, it's just my shot at it. I'm not saying it's any better than someone elses. I'd be happy with $0.35 eps in Q1. |
