I am salivating over this. Over $200 mils of debt. Barely profitting $10 mil over 120-220 mil quarterly revenue. Laid off employees 30% of workers early 2013.
Didn't they default on the 200 mil debt and had to borrow loans to pay off debt at 6.7% interest rate?
This is trading at PE ratio of 120, if they are profitable.
they took out the $300 mil loans to prevent default and they used proceeds to manipulate the stock price, now that they have cash they wiggled around with expense reports and incomes. There will be an investigation.
profitting?! that is yet to be determined, the expense and incomes are embellished. We will see soon. They probably did some shaddy numbers to get positive income in Q3.