Quote:
Originally Posted by will76
soon to be .50 cent stock
The big nut is from their acquisition of friendfinder but they also continue to go into debt each month. Pretty sure they have operated at a loss (losing money) every month for the last 5 years.
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Pretty sure the reason they operate at a loss on a monthly basis is the interest payments they make on the $500M plus in debt. They don't have the operating profit to make those interest payments and stay in the black. That's why they pushed almost all of the $50M raised at the debt and cut it from $550M to little over $500M.