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Wilhelmina International, Inc. Message Board

  • jeeree234 jeeree234 May 15, 2013 9:21 AM Flag


    .....but encouraged by management's statement that earnings were hurt by hiring "key personnel to execute the company's strategy of increasing value to shareholders........"

    Too bad it hasn't worked so far. Maybe next quarter. Just hope it's not a BS statement.

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    • They didn't generate any positive cash flow because of the IRS settlement and paying bonuses accrued in Q4. The balance sheet has been cleaned up, with just the line of credit liability left. The modeling biz is back to positive growth - no real lingering worries about losing biz because of the Patterson firing. The WAM biz is always lumpy. They just need to sign more talent to smooth those results. Should generate enough positive cash flow the rest of the year to either build the cash balance, repay debt or buyback stock. Again, its a long slow slog with this one.

      • 1 Reply to dabreeze21
      • To sign more talent you know what I'd like to see and think would work really well? Give each new client a signing bonus of 1000 shares. Alot of these young people have never owned a share of stock in their life. As owners of WHLM can you imagine the conversations at cocktail parties, with friends, and with potential clients.

        Moreover as owners they be loyal, hard workiing and conscientious about promoting the company and seeing it do well. A small $140 investment could yield, I believe, some pretty hefty dividends.

        What do ya think Breeze? Would new clients be standing in line to sign?

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