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Skyline Corp. Message Board

  • scudmisssion scudmisssion Aug 2, 2013 12:05 PM Flag

    SKY IS PROFITABLE IN QUARTER ENDING MAY 31

    NO CC NO ANNOUNCEMENT JUST FILING WITH SEC?

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    • if you look closer, their "profitability" was achieved with one time real-estate sales.

      Operationally they are far away, sustainable profitability. Not even cash flow positive.

      tread carefully!

      • 2 Replies to valuebambino
      • Their 10-K leaves much to be desired as far as clarity goes, but it looks like they didn't actually lose cash this quarter (some of it was turned into extra inventory, etc.). It seems their operations were just barely positive for the quarter.

        I agree they have a long way to go, but they are moving in the right direction it seems. That said, sales in the Summer tend to be better for them, so it will be interesting to see what their numbers look like this Winter.

        They have been forced to sell so much production capacity that it seems unlikely that they will be able to produce the kinds of numbers they were producing in the oughts any time soon, which isn't to say they don't have a chance at sustainable profitability. The question is, will they be able to get there before they run out of bills and real estate to sell, and what kind of capacity will they be left with if and when they get there.

      • Next quarter (early October) will be very difficult. It used to be "solid" last year, and they are now heading there with elevated inventory levels.

        Good luck!

    • No fooling...we are in a dark hole...and at the mercy of the controlling shareholders who have given us no clue what is going to happen...i hope their intention is to do more than draw down salaries

 
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