Yep and even better $10m in debt coming off the balance sheet
It appears this Bridgestone deal they made was a major major screw up by Croxall. They downplayed the significance but the market knew it all along.
If nothing else we can now eliminate the liquidity fears which is a big positive IMO. Whether the market wants to give any value to any NPE right now is another story (hint it doesn't). But if that changes MARA appears back on track to where it was this time last year before the bridgestone debacle. Maybe they can deliver going forward this time. This is the first time I've felt like the stock could be a buy in quite a long time. Will still take a lot to turn this though. IF big if we trade up I'd guess any spikes get sold hard at least until everyone who wants out is out and more good news comes
Whats Ed Johnson think? Holding and giving them another chance here?
When Doug first went on, he said "meet or exceed 2014 revenues."
Then when he was going through the portfolios he said the Bridgestone patents they recognized some revenue in Q3 and some in Q4. Then when Bill Gibson asked about it Doug said it's part of why he's confident.
Looks like they're also confident about the new portfolio that relates to the auto industry.
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