Obviously, we are never going to be satisfied with a losing quarter but quite frankly we remain upbeat. The loss itself was a result of a 270,000 increase in allowance for doubtful accounts receivable and an unrealized hedging loss -- marked -- to market at the end of the quarter. As of August 31, 2005 the majority of this unrealized loss has been reversed out. However, the coffee market continues to remain extremely volatile. Beyond these two one time events, the quarter was overall a positive considering prices declined by over 20 in roughly a 30 day period.
More Quotes from Andrew Gordon:
We are very pleased with the results. Their success was down to a lot of hard work by pupils and staff. They have done very well.Andrew Gordon
He's had a lot of great teams come through here but, after the last few years, maybe he realized the program needed a change.
Andrew Gordon
He's going be kicking for us every night. If we do our job, we know he's going to do his game in and game out. I think three's the magic number because once Bobby lets in two, he gets (ticked) off where he's not going to let any more in.
Andrew Gordon
Readers Who Like This Quotation Also Like:
Based on Topics: Coffee Quotes, Majority & Minority QuotesBased on Keywords: receivable, unrealized
I don't want to be nasty but let's just say Robbie Williams is no Freddie Mercury.
John Deacon
A friend you have to buy won't be worth what you pay for him.
George Dennison Prentice
Alan's publishing company was in the Brill Building, and of course, the Brill Building was where all the songwriters hung out because that's where all the publishers were.
Johnny Rivers