Q: Gentlemen;
Thoughts on the announced of a significant jump in cashflow and debt reduction?
This is a public question
Thoughts on the announced of a significant jump in cashflow and debt reduction?
This is a public question
5i Research Answer:
4Q cash flow more than tripled as the company reduced costs and got inventories under control. Debt is down by $52M and now net debt is less than 1X cash flow. We still want to see margins and earnings improve, but in terms of reducing risk to shareholders this is a very significant change for the company and the stock is reacting nicely.