Quote:
Originally Posted by RawAlex
If those numbers are correct, it would probably be in the process of going private already if it wasn't for the credit crunch. The brand is still very powerful, and it hasn't been used to anywhere near it's potential in a long, long time.
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Those are straight out of the SEC docs available via google finance pages. So they are close. Updated numbers should be released second week in November.
Market cap is under $60 million. $25 million in cash still a bit short of being able to buy back and take it all the way private without an outside investor. Also in a credit crunch, remember that cash is king, so wouldn't be wise to touch their cash position while not significantly cash flow positive or again have a buyer or new partner with cash on the hook.
Shedding DVD production may be part of grooming themselves for a buyer.