Grifco Inc (GFCI)

[cyofish]

BBB, looking at the check amount is only one part of the equation. These comany has expenses and on average O & G companies make a whopping 6%. I recently saw a couple of K1s from large reuptable O & G partnership generating mid 8 figures in revenue. One is Kinder Morgan Energy Partners LP, and the other is Enbridge Energy LP. Both of these parnerships booked ordinary losses in 2007. Now, if you look at the revenue a.k.a. checks received for the year it's impressive - in the neighborhood of $40 - $50 million. Is that enough to get you to buy into the partnership????? Obviously not, because they have spent more than the "checks received" resulting in a loss.

IMO, talking about cash recipts is meanigless. What's imporant is the bottom line after all the money flowing in and out is accounted for.