FinancialAdvisor's College Class (FACC)

[SSKILLZ1]

Timhyma, (On EZM) I don't know what you are summing up to get total debt. So I'm going to look at this from a total liabilities perspective.

The answer of how they are going to handle the debt is quite simple actually through profits. If we annualize last quarters results we are talking about 100 Million dollar in earnings for 12 months, and that is assuming no growth.

Total Liabilities started this fiscal year at 282 Million, the liabilities are now down to about 231 million. Liabilities have dropped by over 50 million dollars in nine months ended, and the other two quarters (Q1 and Q2) were nowhere near as good as last quarter, and if you believe last quarter is more representative of what the company can earn Liabilities will even drop at a faster rate.

Total assets on the other hand are up almost 9 million for nine months ended. So Assets are not dropping off to pay off liabilities.

I personally think there profits will be more then sufficent, I suggest you look at the 6k from 12/14/2005 and compare how well things have improved with nine months of good results. I'm not denying there is still some work to do, but there business trend look favorable for the forseeable future, and as long as there profits continue at this rate, it won't be that long before the balance sheet looks a lot better.