Replies to post #1996 on Pennies from Heaven

[Pennyland]

needs to break the upper trend line to have any chance for a nice run...

NWD

[timhyma]

fwiw, I own the stock (NWD). I was disappointed in the 10-K released on 7 april 2009 as well as the loss of the CFO in Feb.

For the year ended December 25, 2008, net loss was $1.52 million, a decrease of $15.64 million, or 110.76% as compared to the net income of $14.12 million for 2007. As a percentage of revenue, net loss was 3.08% for the year ended December 25, 2008 as compared to net income of 25.33% for the prior year. The decrease was primarily due to (i) a reduction of revenue, which we attribute to the downturn in the economy in general, (ii) The $4.92 million asset impairment charged in 2008 (none in 2007), and (iii) the year to year decrease of $6.36 million in the gain on the fair value adjustment to embedded derivatives.


http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6532603-988-299391&type=sect&dcn=0001144204-09-019391