No. of Recommendations: 0
has anyone taken a look through FLYR's financials?
it seems that cash flow is extremely weak and they are
borrowing up a storm for not just for acquisitions but
for working capital as well. for the six months ending
june 27, 1999, their cash flow was the exact same
amount as their proceeds from their credit facility.
(i.e. they borrowed all their positive cash flow)
i havent seen the cash flow statement for nine months
ending sept 99, but from the 10-Q it seems like more
of the same. can anyone shed some light on this?

it does seem like their earnings are going towards expansion, but a significant amount also is paying
for long term debt. i have no position in this
company and was looking to take one. can anyone comment
on these issues?
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