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WFT announced it was raising 1 billion in cash for acquisitions.
Posted on 9/21/15 at 5:05 pm
Posted on 9/21/15 at 5:05 pm
Down 17% today.
I'm not sure if this is incredibly stupid or incredibly ballsy in a good way.
They are in a poor poor liquidity place, I think their quick ration is like .7 and they want to acquire?
I'm all for buying when everyone else is selling, but you have to have some sort of leg to stand on first.
I'm not sure if this is incredibly stupid or incredibly ballsy in a good way.
They are in a poor poor liquidity place, I think their quick ration is like .7 and they want to acquire?
I'm all for buying when everyone else is selling, but you have to have some sort of leg to stand on first.
This post was edited on 9/21/15 at 5:06 pm
3
Posted on 9/21/15 at 5:16 pm to barry
really can't say much as i think you know my situation...but...
i don't know what to think.
i don't know what to think.
Posted on 9/22/15 at 8:47 am to barry
Annnnnd they've already waffled on this - what a shite show
Posted on 9/22/15 at 9:20 am to barry
Did they ever fix their accounting issues? They had some pretty significant internal control problems that required them a couple of years ago to restate a bunch of periods.
Posted on 9/22/15 at 10:07 am to sneakytiger
good god wft is embarrassing.
Posted on 9/22/15 at 10:08 am to The Egg
No coincidence that their ticker is just a flip away from WTF
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