Savvy Trades and Investments

[littlefish]

Correct, so how do you say they made 45 cents a share when they weren’t even profitable with operations BEFORE interest expense?..

I get they lost about 11 cents backing out the impairment charge. Maybe there is other weird stuff going on, but the superficial quick answer is they lost about $17 million after interest expense and interest income is calculated. $1 mill operating loss, about $21 mill interest expense, and about $4.7 mill interest income. Altogether roughly $17 mill loss.

So then my next question is, how did they come up with adjusted 45 cents a share gain? They IMO should not include a one time tax gain from the goodwill impairment loss in adjusted earnings. And when you start getting to that second simple question a whole can of cloudiness comes up where nothing seems clear to me in the Q report whether intentional or not, whether completely legitimate or not. Either way, if it isn’t clear to me, I move on and would never put over 100% of my portfolio into something I can’t even get that basic info clarified.