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mowadeeb

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mowadeeb

Re: homebuilder_watcher post# 5314

Monday, 04/29/2013 9:56:38 AM

Monday, April 29, 2013 9:56:38 AM

Post# of 448101
What do you mean "they will be broke by the end of the year", they are broke right now. Take the cash and subtract the convertible debt, the Pharmakon debt and the burn rate and they are in big trouble. Also, the sales are so pathetic right now and there is no margin as they are basically giving it away. This is a deplorable situation which can not continue.
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