how bad does wendys want kkd??? looks like they will have to go hostile now kkd management just issued a posion pill shareholder rights dividend, kkd is all cleaned up debt free, profitable, donuts and coffee simple profitable, kkd management is looking to keep their jobs, wendys is gonna go hostile now maybe over $10 bux a share we will get 2010 is the year of the donut! go kkd! bring it on wendys eom
Yep Cashflow free positive the debt will be extinguished within one year but, $48.8 million isn't that much for a food service company that is cashflow free positive, but that is irrelevant with Wendys bid looming, an all cash deal north of $7 a share for kkd is near eom
it's a mute point because wendys is buying kkd out, but just to shut you losers up kkd paid down -$5 million last qtr out of cash flow, 5 mil x 4 qtrs = $20 million - $48.8 million, by 2011 should be under $30 million, and to be exact its not $49 mil its $48.8 know it all, down from $75 million in beginning of 2009, the balance sheet is essentially clean.
KKD debt will be like $28 mil by 2011 and if profits ramp up more could be none, basically kkd is now cash-flow free positive and generating strong profits and results you have mental problems kkd is in great shape and the debt is no longer a problem,
kkd will wipe the rest out in short order, it will be extinguished, as well kkd now has more operating flexibility and less interest to pay that they can plow back into the company and expand new smaller profitable stores, either way kkd management has licked the debt issue and it should be around $44 million when they report earnings in march eom
Yes KKD is essentially debt free and cashflow positive, the debt should be completely extinguished by year end or be a minimal value, yes $10 is a fair price for kkd eom
Whatever... During the last conference call, the CFO indicated the most pressing issues were too much debt and paying too much for it. $49/million in long-term debt on less than $1 million sales a quarter is hardly "essentially nothing". Overall sales for the past year continue to decrease, even though last quarter than was a slight uptick from the previous quarter. This company is still slowly rebuilding...