[Towertalk] Is Rohn going out of business??

[Stu Greene]

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.