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Re: avocet post# 49591

Wednesday, 01/02/2013 3:23:07 AM

Wednesday, January 02, 2013 3:23:07 AM

Post# of 80868
I'm not sure if industry specific indexing has relevancy here. Every single company, regardless of what industry/sector it's engaged in, has the same title and subtitles in its balance sheet or financials. Among the most important metrics are profit/loss, book value, revenue, COGS (cost of goods sold), gross margin, net margin, cash on hand, and shareholders' equity.

A company goes bankrupt (regardless of what industry it's in) when its expenses continuously exceeds income. These expenses may be related to high union wages and back pension (GM's case) or high cost of production and G&A expenses(MP's case). The point is that revenue alone is a poor metric for measuring the success of a business. At the end of the day, your income has to exceed your expenses to stay in business.

At this point, as a shareholder, it's counter-productive for me to continually bash the company. I know where I stand now. I'll let the pumpers take over and hope for a spike to get out.

GLTA.