Good point! In this trying times, COCO managed to allocate $ to pay off almost 45% of its debt in 6 months. This is not a mark of a company failing. Yes, it has its regulatory issues, but that will be judged on an umbrella basis to where all named FPE colleges will admit or be found at fault and penalized. At this price, I am sure a buyout is possible, but the legal issues has to be resolved first.
True but current liabilities jumped almost $50 mill and current assets dropped significantly so would you owe more near term and less long term or owe more long term and less near term? Given this company's spot right now IMO obviously a better current ratio would be nice to see. It is under 1 now I believe.
Things bounce around quite a bit from Q to Q with the line items and I didn't see any big bright spot and a bit of negative on seeing the current liabilities grow larger than the dureent assets all IMO.
I do own a small position but haven't bought more after looking at it a little bit closer. I'll probably just watch with all the litigious stuff. Hopefully we get a dead cat bounce.
Thank you. Finally a light bulb in a very dark room. Brain on, brain works. How refreshing. And you actually have a good financial sense. And you don't make and sell Kool Aid. We can actually have a meaningful discussion based on something other than Kool Aid fantasies.
Can you give the others a lesson in Finance 101? I mean, are these people actually investing money with no knowledge of finance?