$RIBT The conference call was a bit disappointing
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Posted On: 05/08/2018 5:58:26 PM
$RIBT The conference call was a bit disappointing in that they are having seasonal bran supply problems they should have known 7 weeks ago at the March CC. But they still expect a sales increase in Q2, maybe smaller than hoped for, but Q3 and 4 make up for it. EBIDTA positive around the end of the year. I really don't expect in Q2. They may be announcing a new rice mill line up for bran in the Delta area in a couple of weeks or so.
Key line in the CC at the 25:40 mark
"We have single opportunities that are bigger than everything we are doing combined right now in the food market." Sure sounds like monster deal is coming, but not quite yet.
http://public.viavid.com/player/index.php?act...rid=637541
Key line in the CC at the 25:40 mark
"We have single opportunities that are bigger than everything we are doing combined right now in the food market." Sure sounds like monster deal is coming, but not quite yet.
http://public.viavid.com/player/index.php?act...rid=637541
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