Author's note: This article deals with recent earnings from Greystone Logistics (OTCQB:GLGI). For my broader thesis on GLGI, read my March 31 Seeking Alpha article.
GLGI's Q3 2014
On April 14, Greystone Logistics reported a third quarter loss of $(0.01) per share, versus $0.00 in the year ago quarter. Investors hoping for an announcement that Greystone had entered into a longer-term agreement to supply Anheuser-Busch with plastic pallets were disappointed - there was no news. The stock sold off by as much as 10% on light volume.
As a Greystone shareholder, I was happy with the earnings as a whole. My favorite metric, pallet sales excluding their main customer, increased by 43%, continuing a long-term trend. And...
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