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As I pointed out in January, the company is profitable on an Ebitda basis. But they don't even make the cash flow statement available in their press release so it would be clear. Most companies talk about their profit on an operating basis. Deswell makes it difficult to figure out that they are making money! Notice that the total amount of cash increased by about $6 million this quarter, and will increase another $7 million in November when the property sale closes. That will put them at $2.25 a share in cash, on a $3.50 stock. Kind of silly. There is just nothing surprising here.
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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The company *is* profitable
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gnrlowners | (1 Rating) | 10-Sep-09 11:15 am | ||
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They would have better off not to be so negative a...
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bridgejumpe... | Rate it | 10-Sep-09 11:20 am | ||
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good buying opportunity
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shaftesbury... | Rate it | 10-Sep-09 11:32 am | ||
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At what price level?
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bridgejumpe... | Rate it | 10-Sep-09 11:34 am | ||
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that's guesswork, but anywhere around he...
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shaftesbury... | Rate it | 10-Sep-09 01:56 pm | ||
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I guess the selling should dry up b...
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bridgejumpe... | Rate it | 10-Sep-09 03:38 pm | ||
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Only net profits count.
EBIDTA or cash flow is ...
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pepijn.deko... | Rate it | 10-Sep-09 05:49 pm | ||
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While DSWL is not officially profitable, ther...
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rollonedude | Rate it | 10-Sep-09 11:36 pm | ||
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I completely disagree. A company that is dep...
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gnrlowners | Rate it | 18-Sep-09 12:55 pm | ||
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To clarify, I'm disagreeing with pepijn, not ...
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gnrlowners | Rate it | 18-Sep-09 12:58 pm |
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