SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Labor Ready (LRW)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Anaxagoras who wrote (91)5/11/1999 3:36:00 AM
From: Khris Vogel   of 379
 
I was just starting to wade through this company's 10-K after having read through the hype-ish PR release on their earnings.

One thing of interest I came upon was the fact that the Company has, supposedly, historically experienced significant negative cash flow from operations and investment activities resulting from the rapid growth in dispatch offices. In fact...<<The Company expects to require additional sources of capital in order to continue to grow especially during seasonal peaks in revenue experienced in the third and fourth quarter of the year.>>

I was wondering if anyone had any insight into what these additional sources might be?

Anaxagoras, the "additional sources" wording has appeared in the last couple 10-K's at least. If nothing else, it's pure contingency boiler plate.

The co. now has a sufficient installed base of stores up and running that it will not need to seek additional financing, debt or equity. Any funding of its receivables through the early part of its busy season will be accomplished through the co.'s line of credit w/ U.S. Bank.

This critical mass of stores I allude to in the preceding paragraph is what has allowed the co. to announce that they will be stepping up its rate of store openings next year, w/ an announced plan for 300 new stores to be opened in the first half of 2000.

As far as the hype-ish crack you made at the beginning of your post - please.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News