Well, Nik, in my previous post, #3602, I believe I made the point that by using that spread sheet it wasn't my intention to compare or rate CHMT against Buffett's criteria for DCA companies, but rather to interrogate several of the company's financials, which that spread sheet calculates, in order to look at their business performance.
The data I used was for their Annuals up to 2012/12.
I also referred to CHMT's last 3 Quarters, i.e. Q1, Q2 and Q3, where they reported increasing Bottom Line losses, and where I thought it likely that their next Annual would show a loss.
Since writing that post I went and had a look at their SEC file and saw that their 10K, which came out on 24/2/2014, reported their Annual of 2013/12 and it did in fact show a Bottom Line loss of -$177mil. Their previous Annual for 2012/12 reported a profit of $101mil.
Their Net Sales for 2012 were $2196mil. It increased to $2231mil. for 2013. But notwithstanding that $35mil. Revenue increase, they lost an aggregate of $(177 + 101) = -$278mil.
So that's where CHMT now stands, from a profit making perspective.
One will have to wait and see how things go with the company over the next few Quarters ... and on what basis one would want to invest in the company. |
