RE:RE:RE:Results OutCorrection it looks like $.17 for the fourth quarter and then that would make it $1.0 roughly for the year.
savyinvestor333 wrote: Just looking them over now. They are still understating the real estate value by $50 million according to the true value in the 9th monitors report. They mentioned last quarter that this quarter all the spring inventory is purchased so that accounts for inventory build. Take out the gain on the restructuring and they still made $.22 in the quarter and shareholders equity is at 183,828,000 plus the $50,000,000 on the real estate at true value and divided by app 50 million shares comes out to a book value of $4.68
The cash drop looks to be the payment to the creditors as they have only drawn $29.6 million as of Jan 29/22 so they paid $65.4 million of the settlement from cash on hand
Earnings per share for the last 4 quarters is over a $1.09 a share not counting the gain on the settlement.
Whats not to like