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Ok so we all know have Jones has been burning through cash recently...yes they have no debt but they've gone from:
2006: $30 million 2007: $27.7 million 2008: $12.63 million and more importantly the last 3 quarters 12/31/08: $12.63 million 03/30/09: $8/2 million 06/30/09: $7.15 million Now it seems they've finally realized that they will soon go bankrupt at this rate even if they don't have any debt, they are already getting threated to get kicked of the NASDAQ. So far this year they've fired 16 workers (lets say $40,000x16= $640,000 in savings. They've also got rid of their box suite if I remember correctly, needless to say their extremely high operating expenses should be cut and I'm guessing that this is what they'll stress during this quarter. A year ago they had a high revenue of $8.68 million but their operating expenses were so high at $13 million that this is absolutely what they will be talking about. I think the key is their cash reserves, if it slips another million or two and it could sink fast. If they come up with some cash the stock could rise dramatically, what do you guys think? Sentiment : Hold Rating :
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Expectations for the Quarter Today
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poohtoff | Not rated | 5-Nov-09 10:33 am | ||
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you never know...they could have an increase in ca...
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dvdbckagn | Rate it | 5-Nov-09 10:41 am | ||
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I hope I am wrong, but I am prepaired to wait...
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allygator22... | Rate it | 5-Nov-09 11:34 am | ||
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several dismal quarters...imo i think if...
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dvdbckagn | Rate it | 5-Nov-09 11:36 am | ||
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1-1/2 hours for the report,,,
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dvdbckagn | Rate it | 5-Nov-09 02:59 pm | ||
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The need to adress sales and inventory turnover mo...
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utlx752 | Rate it | 5-Nov-09 03:13 pm | ||
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an increased position in CA$H would be nice.
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dvdbckagn | Rate it | 5-Nov-09 03:16 pm | ||
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The foundation has been set for recovery...
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utlx752 | Rate it | 5-Nov-09 08:58 pm |
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