Comment by
tomperns on Apr 21, 2022 5:33pm
So over $3/share in earnings including the debt write-off and over $1/share in earnings excluding that one time write-off. PE under 2. Only negative i can see after a quick glance is they have less cash than I anticipated and no guidance on next year. Will be interesting how market reacts, but IMO, this should trade north of $3 within a month.
Comment by
tweezer1957 on Apr 21, 2022 5:38pm
I was wondering the same I can understand they needed the cash to buy inventory but the profits should show up as cash at one point. I concentrated on the last quarter due to all the issues with vivid and restructuring. This stock trades at less than eps, does that make sense. Overall very positive
Comment by
Zemoy190 on Apr 21, 2022 5:42pm
They had to settle the 95 million back to creditors ,,, so that ate up a bunch of cash and it looked like they used a bit of their 115 mill line of credit
Comment by
Zemoy190 on Apr 21, 2022 5:38pm
Honestly men accounting is not my best. Only thing I know is sales are up so that's good! Happy to be part owner of this company it has paid its dues
Comment by
tweezer1957 on Apr 21, 2022 5:42pm
Usually you are right but their sales are not compatible due to vivid and bankruptcy. You need to focus on msgins and cashflows which are good