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Re: Re scrambls

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 07 Jun 12 9:16 PM | 70 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08361 of 54959
(This msg. is a reply to 08358 by tkc)
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Hi tkc,

I think you may be right re the influence. Worrying if true. SS needs a brake.

But re Safend, there were two components in the income statement; and only one of these represented an issue beyond the timing of revenue recognition. I discount the significance of the revenue deferral.

The thing that was a bit more surprising was the late appearance of the State of Israel liability in the BS.


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The above is a reply to the following message:
Re: Re scrambls
By: tkc in ALEA
Thu, 07 Jun 12 8:31 PM 		Msg. 08358 of 54959

Hi CF, I think Feeney's lost his influence. He saw this coming and SKS didn't listen. Q4'10 CC he stupidly strongly suggested Q1'11 profitability and SKS shut him up. Q4'11 his people caused Wave to lose $1M from the screwed up Safend acct'g. Although I think he knows his stuff his blunders have cost him credibility, weakening him while strengthening and emboldening SKS.


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