InvestorsHub Logo
Followers 10
Posts 321
Boards Moderated 0
Alias Born 08/02/2014

Re: jbaxter post# 9

Wednesday, 09/03/2014 9:46:50 PM

Wednesday, September 03, 2014 9:46:50 PM

Post# of 71
If I am reading this right, looks like they closed on a real estate deal that lists the asset available for sale $7.483Mil, and sold it for much more:
From their last 10Q:

In March 2014, the Company entered into an agreement to sell the Sylmar Properties. As such, the associated land, buildings and improvements and related liabilities were reclassified as assets held for sale and liabilities held for sale, respectively, on the accompanying consolidated balance sheets as of May 31, 2014 and August 31, 2013. In June 2014, the Company completed the sale of the Sylmar Properties for $9,125,000 in cash and paid the related mortgage off in full.

Should be a nice gain this quarter adding to the already great earnings I would think?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent EACO News