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KEMET Corp. Message Board

  • joshua1779 joshua1779 Feb 1, 2013 5:54 PM Flag

    Conference call is

    not too great. The management seems disappointed and surprised with low sales.This is yet another quarter of losses and dropping sales. The company continues with huge debt and now committed with new purchase of a big company NEC Token in Japan. Also bad is the fact that for the last three years they are unable to turn around their F&E division. Moreover, this quarter the margins got worse than in September quarter which started showing some positive numbers. They seem to be unable to stop losses on operations of F&E.
    All in all another dismal quarter with management trying again to put good face on bad numbers.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hey Joshua1779, you sold all your KEM in Sept 2010 and bought BRCD. You missed a 100% gain on KEM as it went to $17.25 and your BRCD went NOWHERE. Now you try to post your view of the latest KEM earnings report and it is more than obvious that you are a complete idiot. It must be that you are illiterate and read the Kemet report all wrong, or maybe your just as stupid as your sound. Which is it?

      Sentiment: Strong Buy

      • 1 Reply to grntip_2000
      • Sorry to blow your happy bubble gmtip2000. You are long on KEM full time so it is hard to hear the sad facts. Yes, there was happy talk at the conference by management, but it was accompanied by dismal data. Film & Electrolytic F&E division went downhill even more than before. KEM has been telling happy story about restructuring and reinvesting in F&E for three years. Check page 10 of the KEM Power Point Presentation for Q4 2012. The gross margin for F&E is now -3.7% They are losing money on this at an accelerated rate. The whole company lost $14 Million in Q4 and they drown in debt. They pay 10% interest on their $370 Million notes and yet they just took on a huge obligation in NEC Tonkin. More debt. Obama would be outraged at this. Also NEC Tonkin has its own set of problems. Losing money and the company is in distress. That is why they are selling to KEM. One loser is taking on another loser. I have seen this film before. It never ends well, but well, as you said I'm just an "idiot"

    • Didn't see that from the transcript

 
KEM
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