RE:RE:RE:RE:Q2 out.brutalCapharnaum wrote: shawshank2 wrote: The eps were brutal and yes i wonder what that huge restructuring was? Severence? My info was from their news release. I dont see this q as anything less than disaster. I also dont see a divy return anytime soon. I have faith in sonshine though
Without the restructuring/transaction cost, the EPS would have been better in 2020 than in 2019. How's that a disaster?
1) impairments have been huge. Saying it is not important is not accurate as those are parts of business that been deemed no longer viable 2) you should both have a look at their debt structuring much of which is secured with strict covenants. I would assume they have been in breach of some which is a game of russian roulette for equity holders. 3) usa covid #s are not fairing well and employment #s have barely gained any positive momentum. So far the recent impairments/ share price crater has been from roughly a month of shutdowns. With such a strong tie to small businesses how do you think this business model with fair in a prolonged recession/ or worse? Come monday the market may disagree especially being so illiquid however so far the business model has performed poorly in a stress test which may be a precursor for something much worse. And when will divy return?? Good luck to all