They can't make any money on $330m sales for the half year end 31/12/08. And in the good times could only make $12m on $270m of revenue for the half year ended 31/12/07.
Current liabilities exceed current assets by $50 Million!!!
Their average debtors days look high - as shown by half their 6 monthly revenue sitting in accounts receivable.
Remove goodwill from the balance sheet and they are in a negative equity position!!!!
Operating cashflow is negative to the tune of $8m for the six months. They've been funding operations and paying dividends essentially from borrowings.
DWS has none of these problems.
OKN Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
