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Originally Posted by ScottSinger
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Read this instead of watching that video. They have a shit balance sheet and are losing money. I would not invest my money in this company.
You can go through their 10k and figure out where all the money goes, and most of it is racing. But they are also getting killed by amortization and debt costs.
Maybe that's ok for a European company. We had a $500M business segment based in Germany and they seemed more than happy with just breaking even. They were very proud of their 4% EBIT and zero cash flow. So we sold them.