% | $
Quotes you view appear here for quick access.

坦迪時裝配飾公司 Message Board

  • longtimefollower longtimefollower Mar 18, 2013 7:23 PM Flag

    They're going to shrink the business significantly.

    And use that shrinkage to raise the capital they need, apparently. The question is whether or not, as they claim, that the "right-sized" business will actually be profitable. I don't trust these guys, or McGreevey's, or McGoo's (or whatever his name is) competence, that he actually knows what he is doing.

    The charges and write downs, along with expected operating losses, are going to eliminate FULLY HALF of their book value....or more. And they're still going to have a lot of debt.

    Is there really a "core business" that is profitable, as they state? I'm a skeptic. I personally think this incompetent CEO is going to fall on his face, and the company will file bankruptcy in Jan or Feb of 2014.

    If we climb to $1.15-1.35 or higher, I'll start reshorting. In the meantime, it's hard to say what the stock is going to do. If they have term sheets from lenders, they probably will be able to generate the liquidity they need, in the short term, and the stock could trade between 40-85 cents for now, would be my guess.

    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies