The enterprise value is negative, which means to cost for a buyout is very low for a company with reasonable profit margins. It has very low return on capital. Why wouldn't someone buy this firm and dump the cash and some of the fixed assets? maybe the fixed assets are going to be written down big time since the last balance sheet statement. Any comments?
I also bought in January. Conference call on Thursday ahould be helpful. I looked through the last balance sheet and it seems the worth is in the fixed assets, so I guess we will see if they have written them down and if they have any of those packaged notes. I/m not an accountant, but I wonder why their receiveables are always so high. Can anyone comment?