$PFGY -- tough to say which way this one's gonna go tomorrow morning ... they posted the new 10Q earlier and it wasnt as pretty as most were expecting; however, things are mostly clouded by a one-time charge of $1.9M. Hopefully the weak-handed investors will sell first thing in the morning, which means you should be buying as this will likely turn higher later in the day. Here's a quick break-down of the Q:
Without this one time charge of $1.9M, the profit from operation will be $1.842M (gross profit) - $1.05M (SG&A cost) = $0.793 million. with about 25% tax, the net earning will be around $0.60 million. This is higher than my estimation of $0.2 - $0.5 million net earning although the revenue is lower than I thought. Without this write off, it wouldve have been a profitable Q.