Fountain Earnings
#11
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Bajadude:
Keep in mind the Fountain is a low volume stock trading an average of just over 12,000 shares per day. If a person with some serious money decided to play this stock the volume probably would not support large trades, either up or down. You are right about the large swings but I suspect you could only catch those swings with relatively small trades.
Keep in mind the Fountain is a low volume stock trading an average of just over 12,000 shares per day. If a person with some serious money decided to play this stock the volume probably would not support large trades, either up or down. You are right about the large swings but I suspect you could only catch those swings with relatively small trades.
#13
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i'm not an accountant, what is an imparment charge?
#14
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what is an imparment charge?
Some times it relates to plant and equipment
In this case, not sure what it is, but the 10K says "after additional expense of $1,182,320 for impairment of long-lived
assets in Fiscal 2002."
Basically something is no longer worth what they previoulsy said it was.
Last edited by bajadude; 09-30-2002 at 05:34 PM.
#15
the 10k is vague....won't go into what the writedown was from. There probably isn't much stock out there to borrow, but with those financials tied with the current economy...what a short opportunity
Last edited by jdnca1; 09-30-2002 at 05:37 PM.
#16
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maybe left overs from 2001????
#17
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The impairment charge came from molds and race boats:
During Fiscal 2002, the Company
recorded a loss on impairment of $1,112,320 in accordance with SFAS No.
121 "Accounting for Impairment of Long-Lived Assets and Long-Lived
Assets to be Disposed of" on certain molds and racing boats to adjust
the respective assets to their net realizable value.
During Fiscal 2002, the Company
recorded a loss on impairment of $1,112,320 in accordance with SFAS No.
121 "Accounting for Impairment of Long-Lived Assets and Long-Lived
Assets to be Disposed of" on certain molds and racing boats to adjust
the respective assets to their net realizable value.
#18
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Ooops....I thought that said Fountain Earings.....thought Reggie had come out of the closet. By the 10k though, maybe he should hide in one for a while....
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#19
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thanks guys, i'm smarter today than yesterday!!!!
#20
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The Key Data IMO.
Current Assets: $26,534,696
Total Liabilities: $22,565,994
Net Sales: $37,546,692
Cost Of Sales: $35,990,833
Net Income (Loss) $ (7,031,593)
Jan
Current Assets: $26,534,696
Total Liabilities: $22,565,994
Net Sales: $37,546,692
Cost Of Sales: $35,990,833
Net Income (Loss) $ (7,031,593)
Jan