shortside777 (< 20)

9 Comments – Post Your Own

#1) On August 10, 2009 at 12:34 PM, shortside777 (< 20) wrote:

yep

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#2) On August 10, 2009 at 12:39 PM, chk999 (99.99) wrote:

If you back goodwill and intangibles out of the balance sheet, the company has about 200M more debts that assets. The last quarters earnings was about minus 9M.

They make consumables for the paper mill industry. This is not likely to grow much in the reasonable future. What makes this a buy?

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#3) On August 10, 2009 at 6:36 PM, finabuddy (98.60) wrote:

agree with chk. The debt load alone pokes a big enough hole in "great fundamentals". 6.5x net debt / ebitda; 9.5x net debt / (ebitda - capex); CC credit rating on negative outlook (downgraded last week). "absent an economic revival in the paper industry driving a revenue recovery, it would not be in compliance with financial covenants under its credit facility, and is currently in talks with lenders seeking an amendment." This company is a restructuring canidate, the debt owns this company. Why would you ever buy the equity here?

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#4) On August 10, 2009 at 6:41 PM, shortside777 (< 20) wrote:

Tisk tisk ok we will see in a few months who is right, and believe me if I'm right chk999 will hear about it all the time how he was told by a 13 year old

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#5) On August 10, 2009 at 6:47 PM, hendrixcr23 (47.41) wrote:

our youth today........

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#6) On August 10, 2009 at 7:06 PM, UltraContrarian (99.81) wrote:

You did say "correct me if I'm wrong".

I think XRM is probably going to survive but not thrive.  If a company has lots of debt and didn't rebounded strongly off this spring's lows, more than likely it has big problems.

XNYH.OB and OPAI.OB are two interesting Chinese companies in the paper & printing business (with high cash flow and low debt).  I would buy XNYH but it's not available through my broker right now.

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#7) On August 10, 2009 at 7:17 PM, plange01 (70.97) wrote:

xrm looks good on paper the problem is that trash companys like DTG that are worthless have gone up 2000-3000% in 6 months and good ones that make money are in the dumpster...look at (car) i bought it for .40 cents a share and sold it 8/10 for $10.50!!!..

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#8) On August 10, 2009 at 7:18 PM, shortside777 (< 20) wrote:

"correct me if I'm wrong" is a hook to get people's attention because it's human nature to enjoy correcting people who are wrong in a subject area you take great interest or pride in...I don't think I am wrong only time will tell though but I am interested in others opinions

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#9) On August 10, 2009 at 7:38 PM, mikecart1 (98.00) wrote:

LOL people think they can cut corners and rise to the top and be Godfather without putting any work in.

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