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Author: hsmith1415 Big red star, 1000 posts Old School Fool Ticker Guide Global Fool Motley Fool One Everlasting Fool Most Active, Foolanthropy 2013 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 472  
Subject: Re: LWAY Q3 Date: 11/15/2012 1:40 PM
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Hi Randy,
Thanks for chiming in. I am not in a rush to sell it. I sold some at 11 and have been patiently holding my balance. I still like this company and the product...
I thought you'd like how they account for the supermarket business. You've mentioned that quite a few times before, which is why I quoted it.

I haven't seen any new products myself, but am very interested in what you see, now. I'm still waiting to see the fozen kefir, and it looks like it's selling decently. I think they said $700k in sales?

Maybe I interpreted the milk price comment wrong. Here it is:
Gross profit for the third quarter of 2012 increased 18% to $7.5 million, compared to $6.3 million in the third quarter of the prior year. The Company's gross profit margin was 33% in the third quarter, which was approximately the same in the third quarter of 2011. This was primarily attributable to a 20% decrease in the cost of conventional milk, the Company's largest raw material, partially offset by a 10% increase in the cost of organic milk.

So gross profit went up significantly, but margins remained the same. Maybe that was supposed to say "20% increase"? But if they had a quarter like this, with milk prices on the rise, I'm really intrigued as to what's changed. They've been living and dying on raw milk costs all this time.

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