<ENBC> This stock is a joke.
They have never had a profitable year and they are running out of tax loss provisions according to
the rules of the IRS. They are also running out of cash. I tried to short this stock today.
No borrows.
DECEMBER 31,
------------
1994 1995 1996 1997 1998
-------- -------- -------- -------- --------
(IN THOUSANDS)
BALANCE SHEET DATA:
Cash and cash equivalents................ $ 28,284 $ 6,172 $ 3,106 $ 9,661 $ 2,795
Working capital.......................... 26,269 15,084 8,770 10,102 2,488
Total assets............................. 32,175 23,809 13,711 14,965 6,127
Long-term capital lease obligations...... 21 11 -- -- --
Accumulated deficit...................... (21,907) (31,321) (42,713) (55,204) (67,200)
Total stockholders' equity............... 28,444 21,577 12,715 13,698 5,306 |
