Shorting stocks: Broken stocks - Analysis Message Board

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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Sword who wrote (1652)	8/21/1998 10:28:00 AM
From: Q.	of 2506

Sword, re. NWK, it is much too healthy to be a broken stock. The balance sheet is a fortress, with $8 per share of cash. Compare that to the stock price of $14. The stock has performed poorly for a couple of years, but considering the cash, I'd say its pretty close to its floor. Cash flow from operations is positive, at $2.60 per share, TTM. Yes, revenues have been declining, so I would be reluctant to buy the stock. But I wouldn't short it.

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