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AUTHOR
DATE
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6
member
1/10/08 1:20PM
Guides down Q1'08 EPS by 30%
IKN expects to report Q1'08 EPS of $0.15-$0.17 v. $0.22-$0.24 per diluted share or a reduction of over 30%. The stock is down over 20% on the news today and about 25% since the write-up.... login to read the rest
I forgot to mention that IKN has reported it has a "Material Weakness in Internal Control Over Financial Reporting". This is just one more negative to add to the list.
IKN explains that:
"A material weakness... login to read the rest
Of the $0.21 decline (from $0.89 to $0.68) I have in my bear case scenario, I have $0.05 coming from the XRX printer impact. The way I look at IKN's business is that already in... login to read the rest
1. Q: Debt - How have they been able to pay down debt? Do they have debt coming due?
A: In FY2004, IKN sold its financing business to GE--so that's how it was able to pay... login to read the rest
Natey,
I looked at this several years ago as a long but could not get comfortable. Questions that I have:
1. Debt - How have they been able to pay down debt? Do they have debt coming... login to read the rest
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