Does anyone have a feel for earnings this qtr.? I know they have been working on cutting expenses and streamlining operations. I am hoping that revenues start to grow at a faster pace soon.. It also seems the company has been paying down it's debt to the Bakers with large chunks being paid off each quarter.. Anybody know when the debt matures? Thanks for any information you can share.
I've been with this for a long time now but I can't really help you.
The Bakers,the controlling interest within this company,call the plays here.
I'm guessing that there will be a small marginal profit this Q.
That is usually the way it goes;an occasional write-down and interest paid to the Bakers by the Bakers.
If you see a lot of revenue increase and a lot of paydown on the debt this might imply that ,finally,the Bakers are serious about selling and that they are looking for a sweet deal for themselves.
The rest of us holders,just riding Comet Baker's tail,might just get out of this with some profit.
Hard to tell what is really going on with this issue.