The Motley Fool continues to blast poor Central Parking. Now they are concerned about the Dutch Auction which is underway to spend about $70 million. This is from a company that has no positive cash flow and a lot of debt. The Fool does admit that Central has undertaken a large restructuring plan by getting rid of non performing assets and streamlining its operations, however it feels that adding so much to its debt simply to shore up the share price is too much. Read about it here.
A Note from a Friend
January 20, 2024
I received this from John Clancy. Now retired, John worked in the technology side of the industry for decades. I don’t think this needs any