TH Merger Company, LLC
Real Estate · Real Estate Investment Trusts · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | FY09 | |
|---|---|---|---|
| Revenue | $178.5M | $182.4M | $229.6M |
| Operating income | −$15.0M | −$113.5M | −$103.9M |
| Net income | −$37.0M | −$104.1M | −$69.7M |
| Total assets | $692.1M | $632.9M | — |
| Total liabilities | $529.8M | $415.4M | — |
| Equity | $142.9M | $192.3M | $247.8M |
| EPS (diluted) | — | — | — |
| Shares out. | 51.2M | 50.9M | 32.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- −8.4%
- Net margin
- −20.7%
- Return on equity
- −25.9%
- Return on assets
- −5.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 76.6%
- Debt / equity
- 3.71×
- Book value / share
- $2.79
- Revenue growth (YoY)
- −2.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2011- Accruals / assets
- −9.9%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 16, 2012
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Smoak RandolphDirector | Apr 2, 2012 | D | 25,896 | $4.25 |
| Neugent RichardDirector | Apr 2, 2012 | D | 43,514 | $4.25 |
| Lee ChristopherDirector | Apr 2, 2012 | D | 13,846 | $4.25 |
| Jennings Richard BDirector | Apr 2, 2012 | D | 32,676 | $4.25 |
| Handy CharlesOfficer — CFO, Executive VP, Secretary | Apr 2, 2012 | D | 1,500 | $4.25 |
| Georgius JohnDirector | Apr 2, 2012 | D | 68,346 | $4.25 |
| Braun Raymond WOfficer — President and CEO | Apr 2, 2012 | D | 596,126 | $4.25 |
| Lubar David JDirector | Jan 4, 2012 | Grant | 9,346 | — |
| Neugent RichardDirector | Jan 4, 2012 | Grant | 9,346 | — |
| Jennings Richard BDirector | Jan 4, 2012 | Grant | 9,346 | — |
| Smoak RandolphDirector | Jan 4, 2012 | Grant | 9,346 | — |
| Lee ChristopherDirector | Jan 4, 2012 | Grant | 9,346 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsApr 3, 2012
- Shareholder voteMar 9, 2012
- Other material eventFeb 29, 2012
- Other material eventFeb 10, 2012
- Director / officer changeJan 9, 2012
- Entered a material agreement · Other material eventDec 27, 2011
- Results of operations · Regulation FD disclosureNov 4, 2011
- Entered a material agreement · New financial obligationAug 5, 2011
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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