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At $7 their market cap would be $187m.
Income from Operations is 71m, Net Loss is 43m in 2010. So its roughly 2.5 years of Income from Operations. Not great at all...
Their debt is whats killing them... and the IPO was a requirement from the lenders I am sure, since the lenders required a downpayment of the debt. The full 43m that they made with the IPO directly goes to the lenders to pay principle.
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"Think about it a little more and you'll agree with me, because you're smart and I'm right."
- Charlie Munger
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