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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (8168)	9/30/1998 4:38:00 PM
From: Gator	Read Replies (1) \| Respond to of 25711

If ETPI reduced payroll expenses by 30%, then that probably reduces the G&A (which was almost $800K) by a healthy amount (I assume that payroll makes up the bulk of the G&A). ETPI has 5 or 6 divisions that make up the company. Apparently, they found opportunities to streamline operations between divisions. G&A grew faster than sales in the last 10Q (but they were still profitable), so it looks like they've addressed that problem. Looks like they're setting the stage for future growth. Gator