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cash flow

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 03 Apr 13 8:18 AM | 73 view(s)
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Msg. 13108 of 54959
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hi dig,

wave is in a different and more encouraging liquidity position than i had appreciated. the deferred is meaningless from a cash viewpoint. and if they are excluding dell from receivables, one can assume an additional $3 1/2m in normalised AR. so that makes a $9-10m advantage over my previous thinking.

but i think your assumption re the $1.7m is imprudent. the evidence that they borrowed against it is pretty strong.


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