Post by
Losermachine on Aug 14, 2021 1:27am
Oak Hill financial services can't help stupid
OUCH!! Caveat Emptor Over the last twelve months THC Biomed Intl produced an earnings before interest and tax (EBIT) loss. Indeed, it lost a very considerable CA$4.5m at the EBIT level. Considering that alongside the liabilities mentioned above does not give us much confidence that company should be using so much debt. Quite frankly we think the balance sheet is far from match-fit, although it could be improved with time. However, it doesn't help that it burned through CA$771k of cash over the last year. So suffice it to say we do consider the stock to be risky. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it.
Comment by
RamboOO7 on Aug 14, 2021 11:32am
Oak hill p4obably owned by the CEO hahahahahahahahahahahahahhahha