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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST

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To: Math Junkie who wrote (2018)3/7/1999 3:16:00 PM
From: Skeeter Bug   of 3813
 
richard, cash flow, just like earnings can turn negative. the bottom line is that if you spend $1 billion to make $500k every year, you are in trouble. of course, you amortize the billion. doesn't matter, though as the money is spent and you need another billion to play next year.

this isn't the case during good times. you spend a billion and earn $1.050 billion. problem is that when mediocre or bad times hit, it wipes out all the cash quickly.

make no mistake, nvls is smart. they know what they are doing. they probably can't believe the level of greed that fuels their stock price either.

btw, debt was up about 15%. seems low interest rates and greed has everyone borrowing to "play" the market. we are getting close.
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