TITLE

Starved For Liquidity

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/16/2007, Vol. 73 Issue 15, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the liquidity of Wornick Co., provider of food to America's troops, where a series of set backs has endangered the company of violating its covenants which threatens the survival of the company. Despite a 15% increase in revenue, Wornick has underperformed financially, reporting an operating loss of $1.7 million. On the other hand, the company made changes in an attempt to raise the company back by bringing back past leadership which resulted positively.
ACCESSION #
24774508

 

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