STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:On the surface the Q2 results look good

[BlueCollar51]

jammo71 wrote: Revenue per share is down 8.4% Y/Y... interesting that you wouldn't provide some context by showing how expenses per share performed in the same period.

To save you the struggle, I'll just tell you - expenses per share were down 10% Y/Y.

Of course you're under no obligation to provide the whole picture, but when you cherry pick your data points it makes your agenda seem fairly obvious.

That’s correct.
 
If things are going so well how do you explain the Substantial difference in;
 
Net cash provided by operating activities
Q2 2015 = $7.534m
Q2 2016 = $4.029m
 
Cash and cash equivalents at end of period
Q2 2015 = $4.526m
*Q1 2016 = $4.223m
Q2 2016 = $0.473m   $3.75m Decrease from Q1
 
Credit Facility
YE 2015 = $50.421m
Q1 2016 = $127.333m   $76.9m Increase *(there is always a large draw in Q1)
Q2 2016 = $131.82m     $4.48m Increase from Q1
 
** In Q2 2016 Student Transportation spent $8.23m more than received in the quarter! (a bit less than the $9.646m cash dividends paid in the quarter)
 
Q1 is always a bad quarter that’s a given. Q2 2016 was a bad start to the productive part of the year. They will have to do Substantially better in the last half of Fiscal 2016 to get a decent annual result.
 
As Always; Do Your Own Due Diligence; It’s Your Money !!