Monday, February 22, 2010

More Losses Recorded By Swee Joo!

Blogged previously:

Swee Joo announced its earnings. Again it was not pretty at all!

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2 comments:

  1. solomon2:42 PM

    The negative net cashflow couple with high borrowing of RM470million does not provide much comfort to me. They have been breakeven or making small losses for the past few quarters.

    From the look of it, this company should be in spot rate chartering biz model. If the demand of vessels did not peak up, would it be good to avoid this stock? What's yr insight, Moolah?

    ReplyDelete
  2. Moolah3:32 PM

    I am hopelessly lousy in guessing when a company fortunes would turnaround.

    So I don't bother.

    ReplyDelete