Admittedly, goodwill dwarfs stockholders' equity, and the debt/equity ratio is terrifying.
But there's a lot of money salted away in various restructuring "reserves" that don't show up as equity, and there does not seem to be a cash crunch.
If it makes it, there seems no reason it would not go back up above $10. Just my opinion, but I might buy some more.
Darn knowthelaw u scared that other pu#$y out of tenn right off the board.his fag partner is still here dickhead,but i c he didnt respond 2 your message so he is the other pu#$y, but his mom has got the best if u dont mind sloppy seconds following the mule train. By the way i am the mule train
Oh boy another powerhouse classic u and r dickhead can come up with sum belly busters.
the highlite of u 2 is watching cars rust.
say u r having all kinds of fun with the mule.i would not b telling folks.
thanks 4 correcting me i was not sure what your momma r mommas was mumbling with that mouth full .so she was saying bbaaaaaahh.i thought she was saying bbaaaaaaaaang..
and 4 as your pops goes it was as hard 2 tell what that idiot was mumbing with me on 1 end and the mule on the other end.
the only thing i could tell he said was sha zam and golly when the mule plowed him..
u 2 should b proud kids of mule taker and deep tonsils!!!!!!!!!!!!!
Another 25 year old phrase from a old dry fart.
take another suck off the old oxygen bottle while u think of another classic.
keep those lungs strong 4 your duty tonite,the mule must not b dissapointed..
As usual,another dumb a#s posting.
as u can c i think your time has run out. Everyone on here knows u r a loser.
as the ole song goes (hit the road jack and dont u come back no mo no mo no mo no mo).
garfield u say: i always thought u was a cat a big pu$%y !!!
No Cash Crunch! Look at the debt. I could be cash rich too if I stooped paying my car and house payments, but I don't they are always out there. As is Tennecos debt.
You have to go beyond the financials. Financial analysts are like pollsters. How can you tell when they are lying, when you read their report. This company could write the textbook on creative financial reporting and number juggling.
Every quarter that I was there, we had a mad four week rush at quarter's end to "FIND" money to help out the EBIT and EBITDA numbers. You would not believe where some of the "SAVINGS" came from. They were paper savings at best, bull crunch at worst.
I recal a story of a cancellation of a trip to a local amusement park. It saved a nice chunck of change. Two days later, Mr. Frissora sent out a memo basically reprimanding those who made the decision. These people saved real dollars, maybe that's what troubled him.
Don't buy! Sell while you can. I did and now I just watch the board for sh*ts and giggles.
No cash crunch: There is a lot of debt, however, there is apparently lots of cash, that is what a cash crunch is NOT. It appears the debt is all current. By the way, how did the debt get so high, was there a big purchase, or some such?
Financials: That's all we have to go by. Aside from what they garble, you must look at the numbers, and what they actually file with S.E.C., because that's what lawsuits would be based on. What I see is a very complicated and difficult fianancial landscape cluttered with "reserves" and liabilities, and with no clear unified view of the company. Maybe this is a prime example of how NOT to do a multi-national?
Quarterly rush: In many firms, there's a quarterly rush to find the numbers. They need new systems, it appears.
Summary: an interesting speculation. While debt-to-equity is high, and "goodwill" dwarfs stockholder equity, it appears a going concern. If they ever get their s*** together and turn a profit, the stock could easily take off.
Recipe for improvement: hire somebody to figure out what the financial situation really is, and cut costs to match income. If not, cut the daggone dividend. Funds and institutions are already bailing out because of the stock price, it can't get much worse.
Look, by the way, for even lower prices before end of year, if you can stand it, might be a buying opportunity, with care and balls.
Good luck in your present layoff situation. Don't count on finding a job anytime soon, imo.
Sir I don't think you really want someone to know who you are! You are dangerously close to some serious legal problems.
I would advise you to stop the rhetoric before you go to far . I have reveiwed several post you have responded to and, if you are trying to sway people away from Tenneco you are flurting with some serious issues with the tactics you are using.
If you have documentation to back you up fine. If not you open yourself up to some serious legal issues.
I do not mean this as a threat; just some friendly advise for you to think on.
You claim Tenneco "juggles" the numbers yet you give an example of real savings - nice way to make a point. I am a finance guy and take exception to your insinuations. I haven't heard of any company vehicles being repossessed or any suppliers cutting us off. Where do you get your information? It's about time you come to the realization that you are a disgruntled ex-Tenneco employee! We all know that you were canned for lack of performance. You are so proud of your degrees but you need to recognize that a masters degree in this, that and the other and studying for your doctoral degree does not make you very bright (you are a shining example). Knowledgeable maybe (try reading TIME magazine, it's cheaper), but not smart or intelligent. Take your useless rhetoric to another board where your lack of credibility is unknown. It's time you signed off for good.