RE:RE:RE:RE:$325 million in long term debtmonty613 wrote:
I am no financial wizard and never claimed to be, but many here are hyper focused on EPS and Income Statement.
You really should seek help for your passive aggressive tendencies. Wrong yet again. Where or where have I hyper focused on the revenue statement? I've written here many times about how all 3 statements are linked...what happens on one affects the other 2. You choose to ignore that because it suits your pride and I don't write detailed responses to your posts for the simple fact it is abundantly clear that you will twist and distort anything that doesn't suit and support your views. EBITDA is a prime example. You see what you want to see in them and not only that, you see what the company wants you to see.
I said long ago they'd need a financing (which you adamantly denied but of course you were wrong...again) because they weren't generating enough (and didn't have enough on the balance sheet)) cash and where does that come from? drum roll please.......the cash flow statement. I said their debt is too high (typical for serial acquirers) and cash too low and an accumulating deficit. Where does that come from? drum rollllll please...the balance sheet.
You want to talk about the revenue statement? obvio there are no earnings. With a 64% of gross profit going to G&A alone and another 7.4% (that's just 2 line items and when rates were lower) going to interest, do you really expect there will be? can they magically throw G&A in to your glorified EBITDUH? I mean G&A in your world likely isn't a real cost either. If anyone is hyper focused on 1 statement it is you with cash flow.
Your comments are a prime example of what I said in a previous post that people see what they want to see even if being beat by a baseball bat. I have been right on everything I have said (including under $4 and heading for $3) and it obviously makes you angry.
And FYI, I called HIRE to a capital T long ago when there was "overwhelming demand" for their financings and everything I predicted has occurred. Massive flop.
Like what I say or don't, I really don't care. I know how to read financials and it doesn't take an accountant to do so nor does it take a genius. At all. They really are simple and it was the best!! thing I ever did because it has literally saved me sooooo many mistakes (like a WELL "technologies" or HIRE "technologies" lol) from hitting my portfolio.
The numbers always rule eventually and pride ALWAYS goes before the fall amigo.