Forum - View topicNEWS: 4Kids 2004 Financials
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Joe Mello
Posts: 2312 Location: Online Terminal |
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The revenue's up and the income is down
The people ride in a hole in the ground 4Kids 4Kids *clears throat* Okay, couple questions. 1) How is this possible, 2) Is this good or bad, and 3) Should we care? |
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PlayBoi
Posts: 119 Location: Cali |
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Simple answer, they spent more.
2003 they spent - $87.3 million 2004 they spent - $90.6 million So even though they made $1.2 million more in 2004, that's offset by the $3.3 million more they spent. Given them a net income loss of $2.1 million compared to 2003. |
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biliano
Posts: 956 Location: Cleveland, OH |
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For those of you that read the 4Kids financial report and don't know what the Sarbanes-Oxley (SOX) Act of 2002 is, I did some searching and here is a summary of the act. Section 404 of the Act states:
This act was implemented in wake of the Enron crisis in 2002.
If you're a stockholder, yes. StockScouter rated 4Kids Entertainment's stock a 4 out of 10. According to this report, they expect 4Kids Entertainment's stock to underperform the market over the next six months with average risk. |
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Necros Antiquor
Posts: 571 Location: Funny in a car crash sort of way |
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Ah ha, I just got that! New York New York. Jeez, I knew I heard that somewhere, and it took me 10 minutes before I knew it. |
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