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Re: cash flow

By: DigSpace in ALEA | Recommend this post (0)
Wed, 03 Apr 13 8:41 AM | 70 view(s)
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Msg. 13110 of 54959
(This msg. is a reply to 13108 by Cactus Flower)

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crap alea, prudence or not, 1.7m in does feel gooder.

I am a bit lost on excluding Dell from AR, oh how can that be?

Seriously, as these things don't come easily to me (as I believe i have well demonstrated) and as now I really only give these things a very cursory skim (I'm not being glib, I really only do only glance at the stuff - vested levels dictating diligence levels) I pretty much take Yahoo's CF numbers, glance at most recent billings, make a bluster at current/near forward cash expenses and run with it.


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The above is a reply to the following message:
cash flow
By: Cactus Flower
in ALEA
Wed, 03 Apr 13 8:18 AM
Msg. 13108 of 54959

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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