Quote:
Originally Posted by tony404
i wonder if any of the adult.com people are going to be pitched.
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That segment is profitable according to their SEC filings, as well it should be. However, it's hard to say whether they are overstaffed or may have some duplicated functions. With their financials, safe bet they would love to increase profits anywhere they can to add to bottom line.
They have around $25 million in cash, that's good. But they also have $115 million in liabilities, which is bad....very bad if you look at their cash flow and way too close to the value of their combined assets, which is around $150 million.
The brand itself IS the value. When Hef dies, or they have to file Chapter 11, someone will buy the brand and likely dump almost everything else.