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ITT Educational Services Inc. Message Board

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  • aaatiles aaatiles Apr 24, 2008 4:42 PM Flag

    Let's Be Careful

    lack of finance? Again, everyone is avoiding the equity depletion issue. Do you have any input on that, Skimaster, or will you deflect like management does?

    Tell me, what is it called when liabilities exceed assets? When that happens, it doesn't matter WHAT revenues are.

    As I posted just earlier on this thread, I did go with the herd today, made some nice gains and plowed about 10% of those gains back into Oct 35 puts purely because of the equity issue and management basically saying they don't have any private lenders lined up yet and the second quarter is 60% over as of today.

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