Former Subscriber

I think the new management
has it right. The value of
US Auto Parts will be in
being an independent retailer.

Those third party marketplaces
(perhaps like the previous
management), are not interested
in excellence (or retailing,
as far as I’m concerned).
(They are just a monopolized
blob.)

And yes, they need the Nevada
warehouse, because retail
SHIPPING expectations have
become extraordinary (the
SHIPPING, not the RETAILING).

Whether they have the financial
strength, to weather the storm
they are nearly flounder into
by difficult circumstances,
is, of course, the question
of prospective investment.

However, with the Nasdaq
down 3 1/2 % today, and
PRTS up 1 %, and in view
of the past few months
of trading, it is as
possible as it can be
to say, from my inexpert
peanut galleried station:
the selling is over.

This stock has pocketed
support here.

(These things mentioned
just casually in passing.
I am not deeply involved
with the stock. Just a
bit of bottom fishing.)

The Day’s Trading:

Price: 95¢ to 98¢

Volume: 99,860 shares

Close: 98¢ (up 1¢)

I happened to be curious about
these figures.

They do not seem to be readily
available. It was necessary
to go through each quarterly
report to assemble them.

And, as they do not seem to be
readily available, I share
them here, as unique content.

The greatest significance
of which, is it’s insignificance.

To be less fancy:

when the next quarterly report
comes out, it will be possible
to inspect each of these
categorys’ (categories’)
latest figure,

and quickly recognize (recognise),
whether or not they are
within the range
of the previous set:

the range of normalcy.

If they do remain
within normalcy,
as I would expect,

the added clarity
allows more weight
to be given

to the incidence of
any improvement in the
more red blooded figures,
significant to the Bowser
Report’s recommendation
of Schmitt Industries.

Schmitt Industries, Inc. (SMIT)

Accounts Payable:

Quarterly Figures:

Beginning with the Leap Day
of the Leap Year of 2016:
________________________

$ 0,642,648 (02/29/2016)

$ 0,877,167 (05/31/2016)

$ 0,710,320 (08/31/2016)

$ 0,486,963 (11/30/2016)
________________________

$ 0,816,532 (02/28/2017)

$ 1,101,066 (05/31/2017)

$ 1,055,690 (08/31/2017)

$ 1,201,098 (11/30/2017)
________________________

$ 0,842,976 (02/28/2018)

$ 1,024,256 (05/31/2018)

$ 1,008,211 (08/31/2018)

$ 1,159,569 (11/30/2018)
________________________

$ 0,977,436 (02/28/2019)

Schmitt Industries, Inc. (SMIT)

Accounts Receivable (net):

Quarterly Figures:

Beginning with the Leap Day
of the Leap Year of 2016:
__________________________

$ 1,984,806 : (02/29/2016)

$ 2,099,082 : (05/31/2016)

$ 1,916,893 : (08/31/2016)

$ 1,825,101 : (11/30/2016)
__________________________

$ 2,274,729 : (02/28/2017)

$ 2,344,373 : (05/31/2017)

$ 2,086,015 : (08/31/2017)

$ 2,150,655 : (11/30/2017)
__________________________

$ 2,086,706 : (02/28/2018)

$ 2,047,032 : (05/31/2018)

$ 1,871,737 : (08/31/2018)

$ 2,184,906 : (11/30/2018)
__________________________

$ 2,078,116 : (02/28/2019)

It was interesting to
notice, casually, that
CFRA placed a buy rating
on PRTS: even with losses
projected for 2019 & 2020.

The report dates
from April 29, 2019.

(CFRA: Center For Financial
Research & Analysis LLC)

(CFRA has nothing to do with
CF Bank, or Central Federal
Corporation (CFBK).)

Schmitt Industries has
an unusual Fiscal Year:

June 1st to May 31st
______________________

making their quarters:

Quater I:

June 1st to August 31st

Quarter II:

September 1st to November 31st

Quarter III:

December 1st to February 28th

or

December 1st to February 29th

Quarter IIII:

March 1st to May 31st
___________________________

There is still the problem
of WHICH fiscal year it is.

Therefore, to avoid confusion,
instead of saying: Fiscal 2019,
they use phrases like: the fiscal
year ending May 31st of 2019.