Thread: Bad news. BBS in bankruptcy
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Old 02-12-2007, 02:10 AM #29  
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ze_shark ze_shark is offline
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I took at look at their CY05 annual report and their CY06 half year report. This was waiting to happen. Flat top line for years, commodity prices sykrocketting and squeezing margins, cash level plumetting, 90 days of inventories, 60 days of accounts receivables but suppliers paid at 30 days, horrendous cash conversion cycle ...
With their brand recognition, a turnaround should be possible, but without knowing much about the company, it seems that they have been on a collision course for a while.
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