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“We believe in setting quantifiable annual goals and publishing quarterly progress toward them as well as posting monthly same-store sales data for our three business categories,” stated investor relations contact, Chief Financial Officer Bill Walljasper. “We are as transparent as possible.” At April 30, 2007, cash and cash equivalents totaled $107.1 million, a 42% increase from the previous fiscal year-end. Our long-term debt net of current maturities increased $93 million to $199.5 million, and the average total debt to average total capital ratio rose to 27%. Shareholders’ equity grew 9.4% to $572.3 million. The larger long-term debt and the corresponding debt to capital ratio are positive measures of us positioning ourselves to take advantage of opportunities. Walljasper stated, “In September of 2006, we completed a $100 million private placement to fund acquisition activity. We used $50 million for the HandiMart acquisition; the remaining $50 million was part of a delayed drawdown we |