06-28-2016, 03:54 AM
(06-27-2016, 10:59 PM)Bad Dog Wrote: Rags wins with #2. A-A, pre-flop, 1st after the small blind.No point in slow-playing it, with these losers.
The company is privately held by a hedge fund in Dallas. SunTx Capital Partners. No options plays available, unless you are playing the real-estate owners that rent to them.
On Glassdoor, a stunning 8% of reviews recommend the CEO.
That looks rather low for a CEO.
Quote:Moody's rates the company as B3 for it's debt (junk):
"The B3 CFR is weakly positioned in the rating category due to persistently weak liquidity, high consolidated leverage, and aggressive financial policies.
Companies run like that are the first to go under in an economic downturn. Creditors call the debt, pulling the rug under anyone there. In an economic crisis, liquidity is everything.
Quote:The company has operated for a prolonged period with operating cash flow shortfalls and with minimal cash balances, and has relied on infusions from its sponsor SunTx and capital-markets borrowings to support ongoing growth initiatives. The company's B3 CFR reflects the risk that, in the absence of an ample and permanent capital commitment, those provisional financial reservoirs could at some point dry up. However, Moody's acknowledges that xxxxxxxx's operating cash flow shortfalls stem not from any inherent weakness in demand from its commercial customers, but from funding needs that are typical of a company in aggressive growth mode "
A hedge fund owns it. if there is more money to be made by scrapping the equipment, then the hedge fund will someday hold a company meeting and announce that everyone is fired. People will be told that there is plenty of work in retailing, fast food, etc.
Quote:As of the last 10K statement, (4Q 2015) the company had a net loss of about $11 million on about $150 million in revenues for the year. The company has about $400 million in debt outstanding.[/quote]
Amusingly, the next-to-last person rejected for a lead/supervisor position immediately put in for my slot.
Possible resume padding for going elsewhere in two years.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.