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Non-Tech : The Children's Beverage Group (TCBG)
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To: Stephen Goldfarb who wrote (1013)7/16/1998 9:53:00 PM
From: Peter Prickett  Read Replies (2) of 2452
 
Steve, my recollection of the call indeed was that Jon said the company would be profitable in the first quarter of '99. I'm not sure this is a substantial change. The Walters, et al report indicated positive eps for '98-'99. Didn't say when in that time period would turn profitable, only in total for that time period. I thought that somewhat misleading. Kind of says the company has a rolling fiscal year.

My analysis, and this is purely my analysis, is that the company will be profitable on an operating basis by the end of 1998. Profitable for the entire last quarter? No. For the year ending 12/31/98? No.
But based on the schedule of machine installations, shipments indicated by Jon yesterday, one or both of the last two months could be profitable.

Now, I say profitable on an operating basis. Below the line there may indeed be expenses that will not be amortized or capitalized due to the start up nature of the company. They would be wise to expense those in FY 98 and flush them out.

Again, the above is speculation on my part based on my interpretation of expected events.

Financial information as of 7/31/98 is expected some 30-45 days after the end of that july reporting period. A more accurate assessment may be undertaken then.

Pete
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