johngonole

11 More Potential Buys

NGG has more current liablities than current assets. I took a breif glance at this one because of the dividend and the low PE. Future PE is higher so I'm assuming earnings are going to drop. Furthermore Debt has been going up quickly. The've actually been using debt to buy back stock. I think this will stop now that borrowing money will be harder. Stock holder equity has also been dropping quickly. This probably has to do with buying debt to purchase stock. I don't know much about this company but it appears to be a young company that plays fast and loose. I'll look eleswhere.