After all their prior warnings about a possible awful quarter because of movement on the major Redwood campus, litigation, etc, they still sell 24.2M at a high profit margin right in line with past quarters. Note teh ever increasing litigation charges, now 1.9M for this quarter alone(and neither lawsuit has even been brought to trial yet!) and 4.5M for the year. So we know the $ they're fighting for is AT LEAST more than 4.5M. Methinks they'll finally get this one settled sometime this year, tho I don't doubt it'll be in the 2nd half before it all gets resolved, but we can look for something significantly more than $5M in a settlement of which AXC is very very confident. That'll be a nice boost when it comes.
Nice to see the 10K is "expected to be filed shortly". I think someone who'd called AXC IR mentioned earlier that early March might be the time.
Again, I ask DJ Toal, where'd you get the Smith Barney info on a 3 month review of AXC and a subsequent recommendation? Also, this Landmark Int'l Equities, I see Landmark runs a few mutual funds, but where did they publish, say or put this SELL out? Based upon the last month, I wonder if the sell is old news. $.11/eps operating income is good when they've completed a disruptive move and the new doubled line of DST's is just getting up and running this 1Q. |
