4 cities going BK in the liberal paradise of Californai ? scheeeesh !!
Another Californian city mulls Chapter 9. The city of Desert Hot Springs in California could file for Chapter 9 after it projected FY revenue of $13.9M, $2.7M less than budgeted. The city, whose population is 26,000, forecasts that it will run out of cash on March 31. An alternative to bankruptcy protection could be disincorporation. Should Desert Hot Springs apply for Chapter 9, it would become the fourth Californian city to do so since June last year, the others being San Bernardino, Stockton and Mammoth Lakes.
"Two all the way! Medium well !! "
up.. and it was just barely over 1 cent, nowhere near 2 cents/ share
yes they will need to borrow more money for share buy back #2 (a.k.a. to pay off malone).
And share buyback #1 is still not complete. I wonder where the money for the rest of THAT will come from..
they guided lower on revenue for 2014
siri will have to go out to the debt markets yet again to get the large amount of money needed for the buybacks.
Is being a siri bagholder considered a prior existing condition under obummercare ?
Net income for the third quarter of 2013 was $63 million or one penny/share, a y-o-y decrease of 16% caused by poor company results