posted
The balance sheet is horrible so until they get funding and positive cash flow from operations I would not touch it. Changing my view. I am only looking for companies with some cash on hand and this one has none!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by TimW: Cash on hand is cash that is not working for you.
Without cash on hand a company cannot cover debt levels with a down turn in business. High cash on the balanc sheet is a BIG safety net. If he economy goes into recession then SOYO is toast. They have to keep borrowing to expand. They really need to raise cash to keep growing.
I have bought a couple of small CHINA companies with lots of cash considering their debt level. Sure the China stocks have alot of volatility but if there economy slows it will still be growing at over 5%.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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Might be time to get back in but like I said they need more financing to keep expanding.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
I say that the new line of honeywell tvs do seem impressive. I think I am going to get back in. It would be nice if they announce what retailers will be selling them. They are definetly the top of the line LCD's.
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I am not buying right now because it has had a nice run the last couple of weeks and all the good news is out. I will wait for the volume to come back. With low volume this tends to slowly drop and that would be more of a comcern because of the recent run up. Its on my watch list again.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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