$9.5 mil 6 mo EBITDA, $45.3 million in cash and no [strategic] acquisitions!?
"...For the six-month period, revenues were $46.7 million; EBITDA was $9.5 million; income from operations was $1.4 million; and the loss from continuing operations and net loss were $17,000, or $0.00 per share...The company continued to generate strong cash flow, finishing the quarter with $26.2 million in cash, a 7 percent increase from September 30, 1998. Operating cash flows for the six months increased 9 percent over the corresponding prior-year period. In addition, the current period includes $7.1 million of cash from the exercise of stock options, partially offset by $4.2 million used to purchase Treasury stock... As of January 31, 1999, the company had $45.3 million in cash and no debt..."
source: q2 release
...everything in place except a management team which unequivocally and formidably understands shareholder value maximization growth strategies [either through aggressive/timely/key acquisition(s) or putting DBCC in play]...DBCC lacks a [one] CEO with the combination of a Larry Kramer (MKTW) and a Christos M. Cotsakos (EGRP) (.)...it is our opinion this stock would go STRAIGHT to 50+ and enlist an army? of Wall Street analysts given this occured contemporaneous with the overdue removal of Hirschfield-Tessler and certain Directors...it is very difficult to believe that certain insiders e.g. Robert Fleming, Dwight Egan, James Kaplan, Chuck Thompson, Larry Kramer et al are simply not thinking the same thing... |
