Q: Hi 5i!
Regarding Surge Energy (SGY)
I have read back through several months of questions before going to the research function of my on-line broker. I, too, am considering the switch from CPG to SGY - based on your answers regarding SGY. My question is this: looking at the financials, SGY numbers do not seem particularly positive - and this seems to my untrained eye to apply particularly to Cash Flow. Without 250mm + from financing it would seem they would be in a very negative position. (Looking at past 9 months ending Sept. 30/13). I know for many businesses Cash Flow or FFO are almost as important as the larger Balance Sheet issues, but I am perceiving - perhaps very incorrectly - significant weakness in those numbers from SGY. Can you help me out here because I am likely missing a great deal.
Thanks!!
Cheers,
Mike
Regarding Surge Energy (SGY)
I have read back through several months of questions before going to the research function of my on-line broker. I, too, am considering the switch from CPG to SGY - based on your answers regarding SGY. My question is this: looking at the financials, SGY numbers do not seem particularly positive - and this seems to my untrained eye to apply particularly to Cash Flow. Without 250mm + from financing it would seem they would be in a very negative position. (Looking at past 9 months ending Sept. 30/13). I know for many businesses Cash Flow or FFO are almost as important as the larger Balance Sheet issues, but I am perceiving - perhaps very incorrectly - significant weakness in those numbers from SGY. Can you help me out here because I am likely missing a great deal.
Thanks!!
Cheers,
Mike