David Phillips on Arden Group

David Phillips, the 10-Q Detective, looks at Arden Group (ARDNA) and likes what he sees:

Perhaps the Company should rename itself, “The Cheap Gourmet.” In 2005, despite generating operating cash flow of more than $33.0 million, capital expenditures totaled $6,390,000, which included costs of approximately $2,400,000 related to the remodeling and expansion of the Century City store. The balance sheet is in great shape, with Total Debt-to-Equity of approximately 2.0 percent.

Posted by on May 23rd, 2006 at 9:44 am


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