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Old 11-15-2012, 02:03 PM
Skipster Skipster is offline
LawnSite Senior Member
 
Join Date: Dec 2010
Location: Billings, MT
Posts: 778
I think simply saying that TG is losing money isn't quite accurate here. If you read the stuff they listed on their investor website, it says that the third quarter net loss was almost 3/4 of a billion dollars. Something doesn't seem right -- a billion dollar company loses 75% of its income in three months?

Then, you look at how that's calculated. They charged the company with a $845 million goodwill impairment charge. They essentially assigned a dollar value to their company's name and reputation. It isn't money that has changed hands.

Their true operating income that they listed was closer to $58 million, with a profit margin of 18%. It sure looks like they did worse than the year before, when they posted $90 million of business and a profit of 24%.

I just thought that the headline and the talk here didn't match what I saw when I looked at their info online.
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