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I think there should be a concern whenever yearly losses exceeds the total market cap for a company by a significant margin. This is new territory for them.
I would not invest in this company. However, looking at one quarter is not the best way to analyze a company. Again, I would not invest in Chiquita but posting the headline without much explanation is not 100% transparent with what the earnings mean.
Also, not sure what relevance the incentives are to earnings. If cash was paid upfront to the company, that is one thing, anyone famiar with how incentives were structured?
Also, not sure what relevance the incentives are to earnings. If cash was paid upfront to the company, that is one thing, anyone famiar with how incentives were structured?
The obvious concern should be the payment of incentives to a company and then said company goes bankrupt. The taxpayers end up getting rooked.
The obvious concern should be the payment of incentives to a company and then said company goes bankrupt. The taxpayers end up getting rooked.
That is why I asked how the incentives are structured. If we gave $22m upfront in cash, I would agree but, I don't think many incenTives are written like that. In most cases, they are staggered or are tax rebates/credits. If that is the case, then it is a different story.
I think there should be some clarification on how incentives were provided to fully understand the risk. That is something you will not get in a headline.
Maybe, the accountants and senior management slipped on banana peels and hit their heads!
Remember their little song ...here's some updated lyrics!
"I'm Chiquita Banana and I'm here to say
If you want to lose some money here's an easy way
Just peel a banana and put it on the floor
And watch your CEO flying through the door ...cha cha cha."
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