Quote:
Originally posted by Carrie
Ibill is a division of Intercept.
Just because Intercept is doing well doesn't mean that Ibill is. When a company has a division that can't turn itself around and make a serious stable profit, they cut it off - they don't keep it and keep throwing money at it.
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A reading of your post would seem to imply that iBill is losing money. A reading of the SEC financials would seem to indicate that iBill is profitable, they are just not making as much money as Intercept thought they would when they bought the company.
The most recent 10k (3/31/03) has alot more detailed information and anyone who is trying to evaluate iBill and Intercept's health can get alot of information there.
Intercept SEC filings