I would love to think that the 4th Q results have been delayed for the inclusion of good news (like the rumoured sale of the environmental group for $100m) but my gut instinct tells me it's more bad news to come. That said, what can be worse than the previous write downs in 2002. Possible answers - asbestos liabilities or BK.
Does any one know what the last possible day is FWC has to report 4th quarter results to the SEC without an extension?
All of the previous delayed �late� earnings reports followed a filing by FWC for an extension. I have not seen an extension filing or a reason for the delay such as rigorous number crunching of all finances by the accounts. The reason for the last delay was the refinancing deal.
As a stockholder in this company I am very concerned with the non-information. I am long with this stock. I never get a straight answer from the people in investor relations. Didn�t RM say he would be upfront with all people with vested interest in the company.
RM has a lot of explaining to do at this years annual stockholders meeting.
I know FWC is no Enron but shouldn�t the SEC be concerned anyway.
Certainly is,at the very least,a dire lack of communication on the part of mgt.Last qtr. they were slowed by loan covenant violations,which they had to work out,to stay afloat,before publishing the numbers. It's always something!