You invested $20,000 in the stock of HiFly Inc two years ago. Since then the stock has done very well more than doubling in value. You tried analyze HiFly’s financial statements twice in the last two years, but were confused by several of the detailed notes to those statements. You haven’t worried about it though, because the statements show a steady growth in revenue and earnings along with an unqualified opinion by the firm’s auditors that they were prepared using generally accepted accounting principles (GAAP). While checking your investments online this morning you were shocked to see that HiFly’s stock price had declined by 30% since you last checked it a week ago. What may have happened?
Answer to relevant QuestionsA group of investors is considering buying the Wheelwright Corporation, but does not want to contribute to the company’s financial support after the purchase. Wheelwright’s management has offered the following financial ...Comment on the value of the formula (EFR) approach to estimating funding requirements. Could it create more problems than it solves? What factors are likely to push the reset payment up in a NegAm loan? What information are we likely to be interested in that’s contained in a loan amortization schedule? Roper Metals Inc. is in negotiations to acquire the Hanson Sheet Metal Company. Hanson’s after tax earnings have averaged $19 million per year for the last four years without much variation around that average figure. So ...
Post your question