Quote:
Originally Posted by SomeCreep
They're fucked, but hey that's capitalism. Even at their current market cap of $10M, I think the company is overvalued by at least 50%. Last I checked, they had a ridiculous amount of debt. They failed to innovate in a way that distinguished them from their peers. I praise Lars for cashing out when he did. Btw, what ever happened to Lars??
|
Yup. $504,457,000 of current debt (and current portion of long-term, as it apparently all came due) in their first quarter filing. Next to a market cap of $9,520,000, that seems pretty untenable.