Gee, in the midst of all the billion dollar loss-writedowns, is there any interest in a company that is going to earn $ 2.41 per share on good seasonal sales?
Hello, anybody with brains at home out there?
As for all of the piss-ant weeners who are posting "cook the book" messages, get some evidence and post it along with your name. Better yet, file a report along with your evidence with the SEC. You'll be famous and a hero to all of us dumb hayseeds out here.
Quality of Earnings.
Has any long even bothered to read the 10Q for this company
Net cash provided by operating activities was $23.3 million and $27.8 million for the nine months ended September 30, 2007 and 2006, respectively. The expected favorable impact on cash flow from operations resulting from acquisitions has not yet manifested itself due to the seasonality of certain businesses and the related impact on the timing of the collection of receivables.
Now that is of course before intest expense, interest expense for the 9 months ended Sept 30 was 100.7 million dollars.
If business stays flat these guys implode, if it goes up 20% they impode, this is/was a Ponzi scheme the company had to keep buying and financing in order to stay solvent, now they will be unable to get financing, they are toast.
Wow - we have absolute financial geniuses posting here.
One doesn't know how to read an income statement and statement of cash flows, and the other swears to it.
Yo, Einstein, the net income from the income statement is AFTER interest, you dope. That number becomes that starting point for the cash flow statement, where depreciation (a fictional cash outflow, is added back in).
Hey, why don't you guys go work for Citicorp.
Looks like the squeeze is over, managed to short another 1000 yesterday at 22.39,
the company would have had more creditabilty if it had said they were seeing some weakness in sales but were confident cost reductions and synergies would offset those.
Instead Frankin appears to have told the shareholders "don't worry I won't cum in your mouth" we all know how that works out.
hayseed the poiint is the 2.41 aint real its pro form adjusted made up - and you cant pay off a huge debt load with pro forma adjusted made up better than bad winter last year who cares at this point -