>> Anybody know anything definitive about Peregrine?
Yeah, their symbol is prgn :-).
11/13/01 10Q
biz.yahoo.com
They appear to be growing nicely, even through the downturn, but cash flow seems to be a problem. They recently filed an S3 form with the SEC that will allow them to raise up to $250M through the sale of common and preferred stock, debt securities, depositary shares and warrants.
11/13/01 S3.
edgar-online.com
It might be standard S3 boiler plate, but this section of their submission caught my eye:
We have incurred substantial losses in recent years, and predicting our future operating results is difficult. If we continue to incur losses, if our revenues decline or grow at a slower rate, or if our expenses increase without commensurate increases in revenues, our operating results will suffer and the price of our common stock may fall. Through September 30, 2001, we had recorded cumulative net losses of approximately $1.5 billion, principally as a result of acquisition costs related to acquisitions completed since late 1997. We have incurred, and expect to continue to incur, substantial expenses associated with acquisition related costs. The amortization of goodwill and other intangible costs will result in our continuing to incur net losses for the foreseeable future, which could lead to a dramatic decline in our stock price.
Ouch.
uf |
