Quote:
Originally Posted by old timer  ...And from one financial firm is the filed financial statements of Global: On January 14, 2008
, Global Entertainment reported fiscal second quarter net revenues of $3.0 million and a net loss of $0.6 million or $(0.09) per share. In the year ago period, GEE reported revenues of $12.8 million and net income of $0.1 million or $0.02 per share.
Revenues decreased primarily due to lower ICC project management fees stemming from a decrease in major projects under management. Revenues at some subsidiaries increased as the Company realized the initial benefits of its integrated strategic approach of providing add-on services.
As of November 30, 2007, the Company was not in compliance with the covenants of both of its credit facilities; however, it received a waiver from its lenders. http://www.taglichbrothers.com/equit...t-02042008.pdf |
Not that I have any stake one way or the other, but just because a company reports a loss doesn't mean they can't do business. Take a look at your natural gas company, if you live in Dodge City or Cimarron. Aquila still delivers your natural gas and they have reported a loss just about every single quarter since the Enron fiasco. They might have had a positive quarter or two due to some creative accounting. From 2002, when their stock was worth about $40 to a low of around $1 per share the stock currently sits at about $3.30/share. So, they have had years of running at a loss, but are still in business and delivering your natural gas on a daily basis.