the problem is that tim need lots more cash than the company is probably worth. The cash flow from investors repaying their loans and income from sales of produce are both pretty shakey. Just look at th etable grape debarcle. They lost $20m written off. Thats not profits forgone, thats actual losses of capital! How much money do tim need if they have $850m in debt? The figures may be scarey relative to its current market cap. Hmm what to do? I would suggest they WAIT till the capital markets are freed up a little. They are in a great space and should get debt funds when the markets are a little sainer! Do exectuives who run the company focus on job security or shareholder value?
TIM Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
