GREY:STRDF - Post by User
Comment by
Houndtraderon Aug 05, 2015 7:09pm
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Post# 23992519
RE:RE:2nd Quarter Tommorow
RE:RE:2nd Quarter TommorowWe expected it to be lower this quarter, but they have reduced the debt.And I like the language they used.
Even at significantly reduced revenue and adjusted EBITDAlevels, the business has the capability of producing positive free cash flow. A reduction in working capital during the quarter combined with prudent capital spending resulted in the reduction of outstanding debt in excess of $11 million from March 31, 2015, levels. The Company’s financial stability, flexible operating cost structure, and depth of the Management Team, have put the Company in a better position than it has ever been to weather this type of downturn.