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To: Norman H. Hostetler who wrote (1496)9/17/1998 3:45:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 1696
 
Norman:

As one of those people who mentioned the potential for improvement in Albatronics' margins, I meant operating margins only, before consideration of how the business is financed.

If memory serves, Albatronics earned something on the order of $50mm operating profit on $2,500mm revenues in recent years. Should that % reach a mere 5%, which, I'm guessing, is low relative to the industry, then the deal will have been profitable.

peter