Quote:
Originally Posted by tranza
You can't be serious. Did you even read the financial report?
They loose money year after year and have a $500+ Million debt!
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From reuters:
"Last year, the company co-issued, through its subsidiary Interactive Network, a total of $551 million of debt due in 2013 and 2014 -- all to cover previous debts, according to the filing."
Also: "FriendFinder's revenue grew about 6 percent to $346 million last year, while its net loss increased 14 cents to $3.14 per share."
Source:
http://mobile.reuters.com/article/id...10511?irpc=932