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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?

To: yogi bare who wrote (1005)1/14/1999 3:32:00 PM
From: Robert Raymond  Read Replies (1) | Respond to of 2453
 
Yogi

This just out on Reuters:

Yogurt maker said milk prices key to healthy 1999

LITTLE ROCK, Ark., Jan 14 (Reuters) - Frozen yogurt franchiser TCBY Enterprises said Thursday that it expects operating results to improve in 1999, but that it will depend on milk prices, whose drastic rise hurt fourth-quarter 1998 results.

''Our 1998 results showed continued increases in revenues and net income, even though we encountered record high milk prices, continued economic challenges in international markets, and a decline in the number of traditional franchised stores, thus impacting other progress that has been made,'' Frank Hickingbotham, chief executive, said in a statement.

(Note: this article is ''in progress''; there will likely be an update soon.)

regards

Robert Raymond



To: yogi bare who wrote (1005)1/14/1999 4:24:00 PM
From: telecomguy  Respond to of 2453
 
Not sure. Maybe they had some onetime write-off's in 1997 to lower their taxes back then and the current rates are the norm?

Investors rarely look at tax effects since it is below EBITDA and also very difficult to figure out.

I doubt that this had much to do with the YF stock price declines over the last 6 month.


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