Capital expenditures are now expected to be $15.9 million, a decrease of approximately $1.8 million from our previously announced projection. We do not expect that the lowered capital expenditures will impact our long term growth plans. Free cash flow for fiscal 2008 is now expected to be $29 million, with net cash flow after capital expenditures projected to be $13 million. The strong cash flow will allow us to reserve our newly expanded credit lines solely for growth opportunities.
Then again, that does reflect a 10% drop.
Still, if S&W shares are down now, I might have to jump back into the market. I doubt they'll be going belly-up any time soon. =)
The full picture?
But that ignores the revised estimates for next year that sent shares tumbling.
-Bitter
Yeah it did
Didn't sound too bad to me:
Then again, that does reflect a 10% drop.
Still, if S&W shares are down now, I might have to jump back into the market. I doubt they'll be going belly-up any time soon. =)