Here's what a Guru said in early November;"Gaiam, Inc. (GAIA) posted fabulous results for its third quarter, ending September 30. Revenues grew 23.5% to $74.4 million, helped by increases in its retail trade and solar divisions.Operating income increased to $945,000 from a loss of $17.3 million during the same quarter of the last year, and earnings per share came in at 2 cents vs. analysts' expectations of a penny per share.The company stated that its gross profit grew to $35.8 million for the quarter, up from $33.8 million last year. That's a significant increase, considering that as a percentage of revenue, gross profit declined to 48.1%, as Gaiam's lower margin solar business grew to become a larger portion of the company's total revenues.And more good marks for Gaiam—the company's selling and operating expenses declined to $31.6 million or 42.5% of revenue during the third quarter of 2009, from $34.0 million or 56.5% of revenue during the same quarter last year. This was due to the implementation of Gaiam's cost saving measures.Lastly, Gaiam's free cash flow climbed to $1.8 million, an $11.3 million improvement from the free cash flow use of $9.5 million during last year's third quarter.As far as outlook, management stated that fourth quarter retail orders were continuing to improve and that the company expects to "return to double-digit internal revenue growth, in-line with our historical rates, in the fourth quarter." And that sounds good to me! Continue to hold GAIA for our $13 target."I bought some @ $5.05 in July and more today @ $7.39. I'm hanging on for the ride.
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