(Market capitalization $265 million, PE 160, Debt to EBITDA Ratio 25, Sales -25%, Net Income ttm -$31 million))
A year ago the company reported FY2015 3rd quarter net income of $2.4 million.
In their most recent 10Q filing for FY2016 for the period ending July 31,2015 the company reported net income of $6,000.
BOND $63.61 yield 18.56%
This week the $150 million 3.75% (May 2019 maturity) convertible indenture with Wells Fargo closed a New All Time Low of $63.61 yielding 18.56%.
Bond Risks: Danger of Defaulting on Credit Agreement's 6th Amendment.
Cliff Notes to Equities Research Bear Case
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