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Here's the thing. After interviewing Ivan myself, he puts most of us to shame. This guy is a serious champ. We believe that there are available lenders who would be willing to finance the company on acceptable terms, provided there is not another significant downturn in sales, profit margins, or net profitability.It's also worth noting that the company confused the situation somewhat in the second quarter call with the statement that a third of the company's $250 million free cash flow target would come from cash flows from operations and the balance from working capital accounts. Clearly, this would suggest a significantly lower net income figure than implied by the company's other statements regarding sales, gross margins, etc. In other words, net income would represent about a third of the $250,000, which is about $82.5 million, roughly in line with the company's other projections and slightly less than analyst estimates.
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