Yo Yo,
As an ADR, TRIBY is not required to file with EDGAR. I hear, but can't confirm, that they do file paper copies of the appropriate annual and quarterly statements for and ADR.
You mentioned GAAP compliance. As an Irish co., they don't calculate earnings according to U.S. GAAP. Footnotes in annual statements reconcile the differences, which are mostly due to not having to depreciate goodwill costs. (This is a fact which is always overlooked by those on this board trying to estimate a P/E ratio.)
Cash has been dwindling rapidly for the past year or two, but this is mostly due to acquisitions, etc. Cash flow from operations was neutral to slightly positive, last I saw. Warrant conversions may have helped the cash position in the 4th quarter. The SLF shares are a nice off-balance sheet asset, but they're not particularly liquid.
As others have mentioned, the $.06 4th quarter estimate is a bit off.
Good luck with your research. If you dig up any hard numbers on cash flows, I'd be interested to see them.
-Steve Stuart |
