Wow, at first I thought this was interesting - a $65 million market cap company doing $50 million in EBITDA.But they I saw the CRUSHING DEBT LOAD of over $500 million.Interest expense alone of $35 million and $21M in SG&A = nothing left over for bags. No wonder the stock is getting destroyed.Hint: Assets - Liabilities = what's left for bags. How many bags bought into the offering at $19 per share in 2007? Creamcream?Don't worry, you're only down 90% "on paper".
take time to post here and you say sell and you do not own any???? why would you care???
If ULTR goes up 52% it will be back to where it was when I started ringing the alarm bell.
Equity is trading at what less than .25x book...liquidate and shareholders still get paid.
"liquidate and shareholders still get paid." Ummm, I suggest you look into the market value of used river barges and the rest of their fleet".Rough math if they get 70 cents on the book dollar (which would be great for a firesale), the debt would barely get covered and bags would be left, well, you know, holding the bag.But there is a chance of something, I'll give you that. FGP is way way way worse IMHO but there seems to be way better stocks out there to own than this turd.
Hardly you idiot.