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.
Much to be said about the previous 2 posts of carabout and rat...Parke's history w/ufi is no secret...millions in loses qutr after qtr...etc..etc...This latest attempt at a false new "revival" of stock can be intepreted as a way to pump up the execs packages right before a china take over. This is something that Unifi has been looking at all along....Chinese buy Ufi...all the top get theirs and the workers get their's (pink slips). Why else would they put up with this inept mgt and millions in loses year after year....at least Krispy Kreme had the guts to make an executive decision to replace their exec mgt afer dismal performance?