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Frozen Food Express Industries, AŞ Message Board

  • ron_rj ron_rj Aug 7, 2006 2:12 PM Flag

    Why it Flopped

    I listened to the conference call. Seems to me that they lost several big customers, have quite a few trucks sitting in the lot, and their answer is to do an acquisition Several investors called in with questions and the acquistion trhing did not go over well. They need to get their house in order before taking on more. This is on top of revenues weak and spending 2.1 million on a outside audit. Funny no one mentioned whether they found any problems in their "billing practices". My understanding was that was the reson for the audit in the first place...GO FIGURE...

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