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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37226)4/1/2010 6:41:27 PM
From: Dan Meleney   of 78682
 
IAAC BS:http://www.google.com/finance?q=NASDAQ:IAAC&fstype=ii

Based on a 10 minute glance, I'd surmise:
Market maker and trader, esp outside US

Income stream is volatile; I suspect they trade for their own account.
A/R & A/P represent settlements on trading activity.
High cash needed to back up leverage in their owned portfolio...or maybe just awaiting the right investments.
Stock sale last year net a bit less than the current price.

Questions I'd want to know answers to:
What is the 26M of def asset charges?
Something drastic changed two years ago. What?
Why don't current liabilities add up in Google or Yahoo?
Income statement is all screwed up too.

Hmmm. I guess I'd toss all this and go to the SEC filings for accurate data.
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