Use access key #2 to skip to page content.
$5.35 0.00 (0.00%)
10/13/2008 4:00 PM

DHB Industries, Inc. (PBSO.DL)

CAPS Rating:
No stars

Operates through its subsidiaries to design, manufacture and internationally distribute bullet resistant and protective body armor and to produce and market a line of athletic protection apparel orthopedic and magnetic therapy products.

View All Commentary (PBSO.DL)

Recs

0

Avatar alleyba1 (< 20) Submitted: 7/03/07 1:49 PM : Outperform Start Price: $5.15 PBSO.DL Score: 2.37

company was $24 million in debt when former CEO was removed from the board. In April, 2007, less than 1 year later they were $5 million in debt. Would not be surprised if company is debt free.


In the interim, the Harbinger group has accumulated at least 15% of the company and is poised to take over the company.


I imagine the delay by Harbinger and making a takeover is because they are waiting for restated earnings and revenues for 2004 and 2005. However, company announced very good numbers for the last quarter and I believe the re-stated numbers are meaningless at this point

Report this Post Replies: 0 | Reply | Permalink

Featured Broker Partners

Sponsored Links