GREY:SRSCQ - Post by User
Comment by
freckledon Nov 30, 2015 8:20pm
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Post# 24340729
RE:RE:$174 million payment from Chase
RE:RE:$174 million payment from ChaseThe numbers were - $13 million net income for quarter 2. The unusual item for the quarter was a 67 million gain on selling leases. I don't see where you get an operating profit. EBITA was a loss of 27.1 million. Granted, Mr Lambert is always willing to suck more money out of the company, but I don't see where the cash is for another dividend. A half decade ago they were cash rich - now cash is going straight into maintaining operations. And they are quickly running out of things to sell to maintain cash flow. The analysts have given it another year to pull in an operating profit, otherwise the ship is gone.