06-27-2016, 10:59 PM
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. He's 66 (1950 cohort Boomer), and makes nearly $900,000/year. He's started a number of companies since 1973.
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.
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 "
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.
Amusingly, the next-to-last person rejected for a lead/supervisor position immediately put in for my slot.
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.
He's 66 (1950 cohort Boomer), and makes nearly $900,000/year. He's started a number of companies since 1973.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.
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 "
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.
Amusingly, the next-to-last person rejected for a lead/supervisor position immediately put in for my slot.