ABS a.b.c. learning centres limited

How many have gone through the 07 annual report. Oh my god. I...

  1. newfish
    214 Posts.
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    10/03/08
    00:34
    Post #: 3447563
    How many have gone through the 07 annual report. Oh my god. I havent got any creditentials in this field, but it looks shocking. The profit was low, puts ABS on a PE of 14.8 (what must it have been on before the drop?). His liabilities are huge and far outweigh assets when you take away 'intangibles'. ie. it owes more than its worth. How could this happen? Am i right, or have i missed something because its got a balance sheet bordering on being a shocking as a spec miner. This situation sucks for so many, who is responsible for this?
    ABS Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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