what would buffet do?, page-5

invoking buffets name... on a company with
1. no financial results worth analysing, not in a form i can understand anyway
2. no proven management and
3. no assets...
4. 100m debt
5. increasing capex spend

and even worse...

5. recently sold by a vendors who definitely knew more about the business than the "patsies" who were purchasing it.

all I can say is... thats pretty cheeky...

I think I know what Buffett would say.

If this wasn't loaded up with debt it would be an incredible company which was able to take on rivals and grow market share... with debt... and increasing capex... i think this will struggle.

I wouldnt say its worth 20 cents... but I think somewhere in the 1.00 to 1.50 range