Thursday, August 26, 2010

Gerber Increased Overheads

Gerber Scientific (GRB) fails to provide substantive comment or MD&A about any of its four major divisions. They have consolidated the numbers and its all in one bowl of soup. Specifically they do not segment or discuss R&D. For a scientific company this is more important than guidance for the next few quarters. They do comment about the increase in SG&A claiming that they are reversing some wage freezes and paying out more in commissions. That’s great guy’s you just increased your over heads.

Disclosure: No position in any stocks mentioned in this post.