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Old 13th Oct 2016, 12:30
  #711 (permalink)  
Max Contingency
 
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We won't ever know how they are doing once they emerge from Chapter 11. It was only because they were a public traded company that we got sight of their dreadful financials and were able, two years ago, to see that their business model was failing (despite the absolute refusal of several posters on this forum to accept it) and to predict with some accuracy the point at which they would become insolvent. The company is once again in private hands and all previous stock has been nullified.

In fairness to the Hummingturd their basic operating cost has been consistently below their revenue so with the removal of expensive debt and lease obligations there is potential for a return to profit.
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