Follow-Up/Correction To America's Car-Mart Earnings Piece

Earlier I published a piece pertaining to America's Car-Mart fiscal 2007 results. In the table showing comparable metrics, I accidentally stated FY07 percentage change from FY06 (fiscal year 2006). The percentage change was really from FY01.

Below is my Favorite Quote #1 from the company's conference call last week:

Reduced to writing what we're truly all about

Through our 25 years in business we have developed a strong culture. Yet we've really never taken the time to put it on paper. This past year we did just that. And now recently have them proudly displayed at each of our locations. And I understand many companies have great sounding mission statements or values on paper. And they don't often accurately describe what the company really looks like.

But I will tell you what we've done, is reduced to writing what we're truly all about when we're at our best and what we should always strive for. And this is proving to be a very valuable tool as it is integrated into all of our orientations for new associates. And it has been a constant theme in all of our staff meetings and managers meetings. And I strongly believe that revitalizing and maintaining our culture and value is a key component of ensuring our future success.

Source: Hank Henderson, President, America's Car-Mart. Fiscal fourth quarter earnings conference call June 28, 2007