anyone make sense, page-4

Well said neo, the report looks stable, not exciting the next one is the one that will count. If they tighten costs and haven't hedged the dollar -I am nervous we will suddenly see the usual loss (like the super debarkle)because of hedging so their profit is not realised from the falling dollar.
The problem of cash flow persists basically they produce, have large inventory but don't realise the money for 9 months.
The report is good hence the strong share price over the last month. There are people watching this company and will buy when the company manages its costs and excessive salaries which eat the profit like gold mining companies (ps I have none).
Directors used to think $100 000 from a company was good (1996) now $400 000 is not enough and we have MORE OF THEM!!
That's where profits go, not shareholders but this will change as it did in early 70's. I was a mining engineer in 1978 in SA. Know how it changed.
Any increase in salaries and Im definitely out.