RE:RE:RE:Q4 results - shaking my headLower sales and profitablity due to delays related to government documentation and increased freight costs - fine. But what they don't disclose this quarter is anything to do with the asbestos claims. Nothing. Nada.
With taking a provision last quarter and the lack of disclosure this quarter, watch out. If things were improving on this front, you'd be sure to hear about it.
The next couple of quarters may signal a rebound, but I'd keep my eye out for year end results where the auditors will keep the company in check with required disclosures they may omit on a quarterly basis.
Staying away from this until this time next year, but welcome any healthy discussion/rebuttal.
Don't read too much into the cash balance - it's largely due to it being directly funded by customer deposits. At least the company has short-term investments to liquidate to help pay operating costs, lease payments and debt. Look for this to decline over time if they can't push through sales the next quarter to $90m or higher.
And for those of you drinking ST's koolaid, beware. it's July 7 and he only has his April monthly report up. Doubt we'll see May or June given the market performance, but he should have to address the quarter in his quarterly update if he continues to publish them.