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3,678 Posts.
559
07/11/13
13:02
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That's a big intangible (goodwill) on the balance sheet of TPC! Take that out and the balance sheet looks pretty poorly.
Also the unearned revenue generally means they've received money and/or invoiced already for services that are yet to be carried out.
A clean audit report.
Cash flows are improving and they're paying down debt aggressively which they need to do.
Margins are quite small but improving obviously.
This is based on a 5min review of the financials, so... Um, what do they do? :)
p.s. directors fees look reasonable but there's a lot of em.
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