Hi AMIGO, The PR pretends that FD never existed, there is no mention of it.
BTW has anyone seen what the cash balance and debt was at the end of 2015? Maybe I missed it.
I am listening to CC now, so far no mention of FD. I agree with Dickmo. Artisan was a success, FD was a world class failure. In FD they bot a super money losing operation, sorta like a Pets.com before it went under, with apparently no plan to fix it. Artisan was not a super money burning machine.
If they were to say they will not buy another super money losing operation I would feel better.
They do realize that FD was huge mistake and are embarrassed about it. And they knew it would kill the whole company hence giving it away.
OK he did mention FD, and that it caused a bad 2015 (if they had reported combined results)
No Questions at all, at least that they would allow, very rare in a CC. Indicates all the pros are out of it, or too embarrassed to call in.
If anyone knows where the balance sheet for 2015 is, please link, it is not in the PR, I am going to search for it. Getting rid of FD, then pretending it did not exist in 2015 being they sold it after 2015, is a bit iffy to me. The chances are they lost millions in 2015 in reality, as FD was part of it in 2015. I would like to see how much they lost.
If I knew the economics of FD would have sold my IVFH pronto on the deal. have over 50 stocks and can not dig that deep on all of them, trusted Sam to do that. They apparently lost a great deal on every meal they sold. Yet expanded into more cites with a losing formula, that makes no sense. They should have figured out how to make it work in one city.
