Yes, that is what the numbers show. You have to remember that HLF has rarely been cashflow positive. Another way of saying that is the non-production expenses exceed the margin they make on contract manufacturing sales. This means they can't fund growth, which is where most of the debt financing has been applied.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-38
-
- There are more pages in this discussion • 118 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)