RE:Tough Day but still a believer yes. it was a tough day today to look at my portfolio...WoW........
let us not forget the following
1. This is a weekest quarter for this business line
2. the unexpected high healthcare costs is a direct result (IMHO) are those individuals that have been given their PINK slips and are taking advantage of the company health care benefits before they leave.
3. First time the company has generated a free cash flow in a quarter (22 million)
4. The company is in the strategic review phase and are paying consultants quarterly until the review is completed. In my opinion, there is three opinions that the company may direct its future too....
- (i) Total sale of the company to 3rd party (i.e fidelity/New York HEdge fund) or Cineplex or Omnicom etc
or - (2) Going Private - management takes us all out
- 3. Find a JV partner that will take a percentage of the company..
5. Lorne said that there will be an update shortly (the way i read it ...a few weeks from now)
6. New Deals with Ikea, Yahoo, UMG, Trip advisor...who is next
7. Wait for Analyst reports to be issued shortly..probably Monday or Tuesday
8. Lorne stated liquity has increased and therefore has the flexibility for reducing Leverage (nice word for debt)
9 Company saving 7 million from cuts
10. Company upbeat about the Moblie business (advertising $$$)
11. Looking at 6 million of revenue for equipment install to be completed in the second half of this year.
12. Mood Entertainment -point of retail sale closed this quarter and therefore the lose (write off) hit the books from an accounting perspective...(book are now clean)...company can move forward...
Let me know if i have missed anything....