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National Presto Industries Inc. Message Board

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  • pmlljl pmlljl Apr 22, 2005 4:24 PM Flag

    shorts covered

    no_slappz:

    You wrote, "without looking at the numbers...". You have fallen into their trap! They don't want you to look at their numbers. Maybe you will then believe the numbers that THEY put on THEIR financial statements rather than the lies that come out of their mouths. The numbers are filed with the SEC and covered by Sarbanes-Oxley the verbiage has no warranty.

    Dream on Mr Naive.

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    • pm, CVC posted revenue of almost $5 billion in 2004. It's pre-tax loss was $1 billion. Interest expenses were over $700 million.

      However, Depreciation was $1.7 billion.

      I don't know whether CVC expanded its business in 2004, but I do know the company had no trouble paying all its bills. That alone isn't enough to please stockholders, but the creditors -- and bondholders -- have no complaints as far as I can tell.

      Thus, the company appears to be a viable financial entity, but not one whose securities would interest me.

 
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