Replies to post #331 on Swisher Hygiene Inc fka SWSH

[Eagle1]

Good find ash!

ash111 Member Level Wednesday, 07/01/15 04:17:06 PM
Re: ether88 post# 330
Post # of 331

SWSH a screaming buy,will have more $4.0 million in cash, "will be recognized as a gain in the second quarter of 2015".
Swisher Announces Sale of Gulf Coast Linen
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Swisher Hygiene, Inc. (MM) (NASDAQ:SWSH)
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2 Months : From May 2015 to Jul 2015

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Swisher Hygiene Inc. ("Swisher") (Nasdaq:SWSH), a leading service provider of essential hygiene and sanitizing solutions, today announced that it has completed the sale of the assets of its Gulf Coast Laundry Services for $4.0 million in cash plus purchased accounts receivable. The difference between the sale price and the carrying value of the assets sold will be recognized as a gain in the second quarter of 2015.
"The sale will allow us to focus solely on our core hygiene and sanitizing business and improves our cash liquidity and our credit line availability," said William M. Pierce, President and Chief Executive Officer of Swisher. "Our focus continues to remain squarely on maximizing customer satisfaction through providing best-in-class service, gaining new business and further improving our overall cost structure."

3 times average volume. it's amazing what i see on their financials:

$104m in assets!!, liabilities only $5.7m. about $3.8m in cash

SWSH Security Details
Share Structure
Market Value1 $18,443,798 a/o Jun 30, 2015
Authorized Shares Not Available
Outstanding Shares 17,565,522 a/o Jun 03, 2014

[Smilin_B]

Hey ash! What ever became of SWSH? I heard they got delisted. I thought they were actually in a turnaround mode last year.

I pee on their rice cakes and see their products everywhere.

What a dang shame