SYBR: Definately the stock to watch this week!
We are hoping that management will say even better things than the last:
"Mair Faibish, Synergy's chairman and CEO, stated, "We are pleased with our results and with the fact that it appears that we can reach our previously stated goal of $50 million in revenue for 2004. By reaching this milestone, which has been the cornerstone of Synergy's objectives, the company can focus on the streamlining of the financial costs of its operations through better financing arrangements, the spin-off of some of our subsidiaries and an enhancement of our capital structure." Synergy Brands has grown from $20.7 million in revenues in 2000 to more than a $50 million run rate in 2004. "We believe we have established a sound wholesaling operation for the PHS group, a cigar operation, led by Bill Rancic, which is expected to be spun off to enhance shareholder value, a profitable salon products operation, a diversified Canadian co-packing operation and a profitable investment in Interline Travel and Tours."
@@@@
Note that we have a position in SYBR around $4.
"Mair Faibish, Synergy's chairman and CEO, stated, "We are pleased with our results and with the fact that it appears that we can reach our previously stated goal of $50 million in revenue for 2004. By reaching this milestone, which has been the cornerstone of Synergy's objectives, the company can focus on the streamlining of the financial costs of its operations through better financing arrangements, the spin-off of some of our subsidiaries and an enhancement of our capital structure." Synergy Brands has grown from $20.7 million in revenues in 2000 to more than a $50 million run rate in 2004. "We believe we have established a sound wholesaling operation for the PHS group, a cigar operation, led by Bill Rancic, which is expected to be spun off to enhance shareholder value, a profitable salon products operation, a diversified Canadian co-packing operation and a profitable investment in Interline Travel and Tours."
@@@@
Note that we have a position in SYBR around $4.
posted by beanie11111 | 9:32 PM
0 Comments:
Post a Comment
<< Home