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Renavatio

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Renavatio

Re: anchorcheck post# 40468

Thursday, 06/14/2007 11:03:06 AM

Thursday, June 14, 2007 11:03:06 AM

Post# of 79921
"Before in the PR, the income was reported as around $7 mil. AFTER these items. Thus, 2005 will show a loss."

Not true if they had capital loss carry forwards. In 2005, EBITDA = NI because of the loss carries. That's why EBITDA could also be very close to NI in 2006 as well. That's the major perk to buying distressed companies; you also get to buy their write-offs essentially.

Agree that we still need some info, but this is a HUGE first step. "Here's some of our numbers boys and the CPA and SEC attorney say they are correct. More to follow."

"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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