WFL 0.00% 0.3¢ wellfully limited

future prospects, page-3

  1. 2,907 Posts.
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    I tend to agree with your assessment Danny3.

    The only problem I have had with them is that they seem intent on continuing to run up debt thinking that their sales were going to rise and now they have been hit by the MIS debacle. I wouldd be watching the balance sheet carefully for debt levels. Actually I really think they need to raise some cash somewhere but it is not obvious where.........theree will be some dilution from the pref and the dividend will be cut but these things are necessary for survival.

    I will be watching the results and then the Timberland fund result in sept (good if could pull this off but its a struggle) and then hopefully for some restructuring news but they dont seem intent on this as they think the MIS model is alive and well..which it isnt....
 
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