To: Lazarus who wrote (59104 ) 2/24/2017 3:31:27 PM From: MCsweet 1 RecommendationRecommended By
Read Replies (2) | Respond to This is one of the few cheap stocks left (thanks for mentioning!), but the last earnings report had a few negative making it feel like a hold, not a buy, for me. You are very savvy, so feel free to point out what I am missing. The Company has not taken any action to terminate, withdraw or partially withdraw from the Multi-Employer Plan, nor does it intend to do so in the future. Under the 1990 Act, liabilities would be based upon the Company’s proportional share of the Multi-Employer Plan’s unfunded vested benefits which is currently not available. The amount of accumulated benefits and net assets of such Plan also is not currently available to the Company. The total contributions charged to operations under the provisions of the Multi-Employer Plan were $87,687 for the nine months ended December 23, 2016 and $84,336 for the nine months ended December 25, 2015. Selling, general and administrative expenses were $913,703 or 19.02% of operating revenues for the three months ended December 23, 2016 compared to $789,529 or 16.97% of operating revenues for the three months ended December 25, 2015. This category of expense increased by $124,174 or 15.73% from the prior comparable three-month period. The increase in this category of expenses was primarily due to an increase in fringe benefits, telephone and promotional expenses.
