At 10:19 AM 11/11/2002 -0500, you wrote:
>I came across a very interesting news article about the financial problems
>with the Rohn Corporation. You can view the article at:
>http://www.pjstar.com/news/topnews/g132894a.html
This link does not work. Try
http://www.Google.com/search?hl=en&lr=&ie=UTF-8&prev=/search%3Fq%3DRohn%26hl%3Den%26lr%3D%26ie%3DUTF-8%26sa%3DG&q=stocks:ROHN+
There is an analysis containing the following:
>Net sales for the third quarter were $25.8 million, a 52% decrease
>compared to $53.4 million for the same quarter a year ago. The Company's
>net earnings for the third quarter of 2002 were a loss of $4.0 million, or
>$(0.10) per basic and diluted share, compared to net income of $1.1
>million, or $0.03 basic and diluted share for the third quarter of 2001.
>
>The Company's gross margin continued to erode in the third quarter as a
>result of price discounts issued in response to pricing pressures in the
>marketplace, increases in the cost of raw materials, unabsorbed overhead
>in the plants caused by the continued reductions in sales volumes and
>additional charges for the internal flange pole testing and repair process.
>
>In addition, the Company is experiencing significant liquidity and cash
>flow issues which have made it difficult for the Company to meet its
>obligations to its trade creditors in a timely fashion. The Company
>expects to continue to experience difficulty in meeting its future
>financial obligations.
|