20121003 Bakers Footwear Group - info.creditriskmonitor.com
10
(845) 230-3000 [email protected]
Transcript of 20121003 Bakers Footwear Group - info.creditriskmonitor.com
…Negative net worth, with no working capital for short-…Negative net worth, with no working capital for short-term debt…
(845) 230-3000
…need more depth? Look at the Liquidity Ratios
…Negative
working capital
(845) 230-3000
…need more depth? Look at Rate of Return Ratios and the Statement of Cash Flows
Issuing more debt…more debt…
(845) 230-3000
…need more depth? Look at the Peer Analysis
Bottom quartile in nearly all Performance Performance ratios vs. Retail (Apparel) Peers…
(845) 230-3000
Finally, in the MD&A issued in June, the CEO and CFO tell us that lower than expected sales have placed an increased pressure on the Company’s liquidity position…
…and then in October, they filed for bankruptcy.
(845) 230-3000
