Showing posts with label New Toyo. Show all posts
Showing posts with label New Toyo. Show all posts

Sunday, September 22, 2019

New Toyo Review

Looks interesting with recent price correction. Check it out.

Recent 2 quarters making losses. Unable to cover interest expenses with the losses. short term debt of 30M + long term debt of 40M with cash of 30M. Total equity is 200M. debt/equity around 40%. Balance sheet looking stretch. Avoid until the debt has been paid off.