And Scozz is like a deer in the headlights.
Debt now up to nearly 200% of equity. The company still has a fair amount of short term liquidity, but that won't last too terribly much longer.
I say they're bankrupt by one year from now, possibly earlier.
Unless the company is somehow sold for maybe $1.50-2.00. But who'd really want to buy it, when they could buy it out of bankruptcy....with a much cleaned up balance sheet.
Scozzafava is just an outrageously overpaid CARETAKER at this point. Everyone knows it, including him. He has FAILED, and this failure will be a stain on his reputation.
Sentiment: Strong Sell
You are correct. I give it 6 months.
I doubt that Scozz cares, he has pulled his millions.
He may go to another industry but not this one, he is the laughing stock.
Cannot believe the stockholders or the board have let this company destroy itself before changing leaders!
Pension liability is a killer