What happened to that 6 million dollar price they wanted?

Posted by Dennis Herrick on July 22, 2008 at 12:53:48:

I saw this in Chart Industries' End of Quarter, End of Year Statement from 31-Dec-2007. What happened? Instead of getting that cool 6 million dollars they wanted for their Plaistow facility in 2005, they were forced to unload it for an uncool 2.1 million. Just punishment for sending USA jobs overseas? No way!

"Cash provided by operating activities for the fourth quarter was $28.3 million compared with $2.9 million for the same quarter of 2006. Cash generated from net income and changes in working capital contributed significantly to this strong operating cash flow performance. Capital expenditures for the fourth quarter were $3.5 million compared with $8.8 million in the fourth quarter of 2006. Capital expenditures for both periods consisted primarily of continued strategic expansions at our primary manufacturing facilities. The fourth quarter of 2007 investing activity also included $2.1 million of proceeds from the sale of the Plaistow, NH facility that was closed in 2004."

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