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Notable earnings after Wednesday ’s close: CWTR, FTK, HOTT, SIGM, VRA

Notable earnings after Wednesday ’s close: CWTR, FTK, HOTT, SIGM, VRA
Comments (1)
  • colonnar
    , contributor
    Comments (10) | Send Message
     
    On January 10, 2013, at 1:45 PM, colonnar wrote:

     

    A good 4th quarter report may be indicated by the progressive loan worthiness judgment that has been extended to FTK over the past year by PNC Bank. Their credit facility has progressed from 35 million, sometime last year (?), to a recent 50 million plus a $25 million term loan. The latter will used to supplement the money needed to redeem the convertible notes that have been hanging over FTK's head for the past 5 years. This increased credit worthiness is based, presumably, on the most current financial data available.
    The above buy-backs will bode well for future earnings in that they will reduce interest on debt by something close to 50%.
    This information was gleaned from company press-releases and info that is available from the company web site. As such, it is subject to misinterpretation, and I welcome any correction or corroboration.
    13 Mar 2013, 04:44 AM Reply Like
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