InvestorsHub Logo
Followers 57
Posts 3161
Boards Moderated 0
Alias Born 01/21/2014

Re: None

Wednesday, 03/29/2017 5:56:25 PM

Wednesday, March 29, 2017 5:56:25 PM

Post# of 63559
Nobody should worry about the Cash anymore. The fact is the report showed a significant increase over Q4 and they stated they have enough cash to last them through the year. They are not "low on cash", nor are they at risk of BK. The GM's are right where we expected them, just under 26%. They will have a tough Q1, but as projects get completed cash will increase. If break even is 70M, and projections are estimated to be well beyond that, then who on earth would sit here and say, the balance sheet is deteriorating... or they are playing games with cash etc...

It's called cash management, and they are clearly doing a fine job of it.

Again, Q1 may not be pretty, but it's always been their worst Q historically, so with the outrlook of another record revenue year coming, knowing where the break even point is, and that there's enough cash to get them to that point, my thoughts are simple:

Party on Garth.

I'm not sure if this is the bottom simply because of Q1, but really, once the fear has subsided regarding the Q1 report, and we start smelling the money of Q2 this is going to really start moving up quickly.

16