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OklaBoston (68.35)

FRO a worthwhile short

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February 27, 2010 – Comments (2)

Combine a D/E ratio of 331% with analyst forecasts that earnings will go down he next five years, throw in some toppy looking charts, and you end up with a stock I wouldn't want to own now despite it's current (as of Feb. 27, 2010) 4 star rating here.

2 Comments – Post Your Own

#1) On February 27, 2010 at 5:04 PM, chk999 (99.97) wrote:

They haven't filed results for '09 yet. (At least that finance.yahoo.com can find) Looking at the full year 08 results, interest expenses were less than a fourth of operating income. Unless this gets much worse in '10, the shouldn't have trouble with making their debt payments. If they can pay their debt then they won't get shut down.

This is not an argument that the company is a buy, but it doesn't look like it will go BK in the near future.

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#2) On March 10, 2010 at 1:22 AM, OklaBoston (68.35) wrote:

Maybe it won't go bankrupt, but just staying alive is nothing to celebrate. Not in my book, anyway.

This stock's rating will be going down soon, IMO. When, and how low, I don't know, but it will, I am quite confident of that. 

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