InvestorsHub Logo
Followers 20
Posts 850
Boards Moderated 0
Alias Born 03/19/2014

Re: longtrades post# 7389

Wednesday, 06/10/2015 4:06:24 PM

Wednesday, June 10, 2015 4:06:24 PM

Post# of 32167
Earnings or Revenue? No shock potential there.
Here is why the Revenue and Earnings will not shock anyone who can read
the last 10Q:
Saleen needs cash to buy the parts to tune vehicles.
Saleen does not have much cash so they cannot tune very many cars to sell.
Saleen only has twenty or less employees after the recent layoff, and only two or three production workers
so how many cars could they produce? Even if the had the parts.
Saleen is COD with all their vendors and is $1.2M delinquent over 90 days late so getting parts without money will be slow.
Saleen's Gross Margin is negative so the more cars they tune the less their earnings are.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.