What about Megan?

My Dearest Moo Moo Cow,

Yeah, what about Megan? It seemed that it has been ages since you blogged on it. Your last blog posting was on July 6th 2006. Megan: Part XIX

Megan just reported its earnings.

Again if you just look at its numbers, it does look nice.




But... my dearest Moo Moo Cow, you know very well that investing is not based just on numbers.

And the cash flow CLEARY shows the extreme poor health of Megan.



How?

See the net decrease in cash & equivalent yet again?

Burning and burning all the cash my Moo Moo Cow!

When will it ever end?

And if that is not bad enough, last July 6th, you mentioned that Megan total borrowings now stands at 838.669 million!!!!!

Now?

Have a look yourself... 888.131 million in debts!!!!!

How?

Burning all the cash and the debt bubble keeps on increasing!!!!!

Past postings here...

1. Megan
2. Megan: Part II
3. Megan: Part III
4. Megan: Part IV
5. Megan: Part V
6. Megan: Part VI
7. Megan: Part VII
8. Megan: Part VIII
9. Megan: Part IX
10. Megan: Part X
11. Megan: Part XI
12. Megan: Part XII
13. Megan: Part XIII
14. Megan: Part XIV
15. Megan: Part XV