Gotta love the flamers. My point was aimed at the company's lack of ability to show a profit, with a little added humor. Paying down debt is always good, but you don't clean out the house to do so. (Hence my comment that you don't skip the rent or mortgage payment to pay down your credit card.) You do so in a consistant manner without neglecting other parts of your business. Not showing a profit is irresponsible of any company and has never been my experience. (All of this was in my original post and is MY opinion.)
I was talking about the previous quarter since we're still waiting on the latest earnings release. I believe the latest debt paydown was technically in the 3rd quarter, meaning a profit might be shown for the 2nd quarter. Timing is everything.
LMAO! No, if you follow along, I wrote AAPL was a good investment, IMHO, and that you needed patience in this market. But I was also very clear with FD: I have not a cent invested today in AAPL. Only stock I'm invested now is the one that's tanking (along with the rest of the market): LGF. Hopefully, after earnings release, that will change.
"(Hence my comment that you don't skip the rent or mortgage payment to pay down your credit card.) You do so in a consistant manner without neglecting other parts of your business. Not showing a profit is irresponsible of any company and has never been my experience."
Then welcome to LGF, a stock that's risen 125%+ past year on growing EBITDA!
Do you see earnings anywhere the past few years?
This quarter should be profitable.
Debt burden and sickly balance sheet was a big negative; it's being cleaned up.
The lumpiness comes from films that range from worldwide blockbusters to bombs.
I could go on, but it's reporting time.
Either way, I'm having a drink or two tonight.
It's my understanding, from previous posts, that the Summit related debt was paid off. Since the announcement came in the 3rd Qtr, I assume that 2nd Qtr profits would not be affected.
Isn't owning an entertainment stock fun? I've never experienced anything so unpredictable in my other stocks. We'll know the results in less than an hour! Good luck!