Pulling back from the U.S.

Article Excerpt

LIQUIDATION WORLD $2.81(Toronto symbol LQW; SI Rating: Speculative) (1-877- 728-3289; www.liquidationworld.com; Shares outstanding: 8.2 million; Market cap: $23.2 million) lost $3 million or $1.42 a share in the twelve months ended October 7, 2007, compared to a gain of $852,000 or $0.18 a share a year earlier. Sales rose 1.8%, to $212 million from $205.2 million. Profits were hurt by the $1.1 million cost of closing its Calgary head office and relocating to Brantford, Ontario. The company also realized $3.2 million in losses from the closure of 15 out of 18 of its U.S. retail stores and the winding down of its U.S. operations. The closing of the stores in the U.S. will cut the company’s losses. Liquidation World is still a hold. hold…

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