Amazing. The attempt to put lipstick on this pig. I hope there will be a turnaround someday for the sake of the shareholders but there is no way, shape or form that the earnings report is positive (IMHO).
No, not really. The cash balance was for the end of the 4th Q, prior to the most recent dividend. They paid $1.30 for the dividend a few weeks ago. That leaves them about .80/share. Still not bad, but not $2/share.