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RNsidersbuying

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RNsidersbuying

Re: bbotcs post# 4751

Monday, 09/26/2011 1:11:02 PM

Monday, September 26, 2011 1:11:02 PM

Post# of 10801
Depends on your definition of turnaround? For 2011 PDEX posted net income of $2.6M. For 2010 they posted net loss of ($2.9M).

They should have posted a $1.5M net income in 2010 but in 2010 they took an impairment write-off of ($4.4M) of which ($3M) was of the notorious "goodwill" asset variety. I've learned the hard way to watch out like a hawk for those overloaded "goodwill" assets.

Going forward, PDEX no longer has any "goodwill" assets nor any of the other notorious "intagible" assets bloating up their balance sheet.
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