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Renegades17

08/14/14 7:12 PM

#4263 RE: detearing #4262

Candidly, the company's operating performance is awful in my estimation. I still own a small fraction of my original stock based purely on option value that the restructuring guys might be able to prolong the BK process enough to produce a decent quarter. That said, I don't think that will likely happen. EBITDA was essentially flat at a low level, but free cash flow (using EBITDA-capex as a proxy given the balance sheet is a mess to decipher due to BK adjustments) is negative.

I think the restructuring team has done a poor job against a decent (admittedly not stellar) backdrop.