RE:RE:RE:RE:RE:RE:RE:Mellon trust finishing That's in USD right, $50M?
= CAD $70M at 30% GM = CAD $21M just to cover their CAD $21M operating expenses = $0 profit
Mostlyserious wrote: On these boards, too many people think that a stock that was pumped and then crashed is a good investment because of those prior highs.
And because they made money on a pump they think it is a good company.
While some will tout PYR as doing great based on its backlog, execution of that backlog will still result in overall losses. If my memory serves correctly, PYR needs to generate over $50 million per year to just break even. Tons of verticals, tons of business lines and initiatives but still not enough sales. What is a cheap stock price for a company with a negative working capital and no clear signs of generating positive cashflows in the medium term? That is the question, whoever knows the answer can make a good decision.
Collection of a decent chunk of outstanding Radian accounts receivable is the good news that should be expected by the end of this calendar year as per agreed payment plan. Then hopes of other things shift to the "next year", again.