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Re: Jmb0173 post# 2486

Friday, 12/20/2013 1:30:49 PM

Friday, December 20, 2013 1:30:49 PM

Post# of 6681
That's a fair analysis of the report in my view. We have to keep in mind that these reports only reflect the US operations. Moreover, they incurred ~$3.5mm in professional services fees, which to a large extent goes away post bankruptcy.

The positive cash flow is good and the company operated at close to breakeven on an operating income basis and would have positive EBITDA of a couple million by my estimation (ignoring corporate D&A).

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