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Unifi Inc. Message Board

  • carabouttravel21 carabouttravel21 Jan 30, 2005 9:20 PM Flag

    The stock

    It looks like management has used up its whole bag of smoke, mirrors, and B.S. The hype flowed even after "Magic Mike" was banished from the blue-domed kingdom. More about how they ONLY lost $4 MM this quarter, but they're ready for the future. Right, they've been ready for the past five years. The action in the stock lately tells me that those who bought in are taking their profits off the table, and the sucker pool is drying up. There is the 2008 $250MM bond issue, cash is down from June and they have $25 MM in depreciation which isn't going to last forever. When it drops and they keep posting losses, watch the cash. I believe the China deal requires quite a bit of cash if it is finalized, also. Potential buyers who look at the long term potential here won't touch the stock with a ten-foot pole. They can see what poor management has done to this company, and can see that the board isn't going to make changes. Just my take on the continuing mess here.

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