conference call the ceo talked about downsizing. He should downsize his large pay before looking elsewhere
this what is being called going public? http://www.bloomberg.com/news/2010-12-08/pilgrim-s-plans-debt-as-junk-upgrades-may-rise-new-issue-alert.html AURORA DIAGNOSTICS INC., a closely held specialized laboratory company, plans to sell $230 million of seven-year senior unsecured notes, according to a person familiar with the transaction. The company may issue the debt as soon as this week, said the person, who declined to be identified because terms aren’t set. The bonds may be issued through the company’s Aurora Diagnostics Holdings LLC and Aurora Diagnostics Financing Inc. units, the person said.
To put the $230 million figure in perspective - one of their three largest companies grossed about $50 million in 2009. The entirety of Aurora and all their companies are worth perhaps $300 million. This is a huge sign of trouble.
Jim, are you still having trouble going public? No organic growth and large earnout not getting investors excited?