Thread: PSA Likely to be Sold...Then Out of Business?
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Old 12-09-2008, 08:15 AM
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Default PSA Likely to be Sold...Then Out of Business?
Posted By: Jay

Eric--I am focusing in on cash used in operating activities. Last year they burned $2.2 million and for 2009 they are projecting a similar figure (per the conference call). The reason for the higher cash burn in the past was the cash dividend, the startup expense for the gemstone grading business and collateralized loans to dealers.

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