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crable

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crable

Re: mick post# 196

Thursday, 11/13/2008 2:24:12 PM

Thursday, November 13, 2008 2:24:12 PM

Post# of 231
They got into credit problems. Couldn't repay some loans. They brought in a legal accounting team to develop some solutions (e.g. divestiture, sell off some assets, buyout, increasing A/S, etc.). That has been a few months now and no follow-up from the company.

The firm they hired though specializes on sell-side legal advice for firms, so I am hoping for someone acquires them. The book value is over 5x current market cap. Solience from teh firm and declining volume have killed FTRS, plus price of oil can't help matters when they are trying to cover debt.

Mos Eisley Stockport
http://investorshub.advfn.com/boards/board.aspx?board_id=13247

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