Firstly, just a small point ... it's bruwin, not "Bruin" ! However, feel free to spell my name whatever way you like.
Yes, there is cash on its Balance Sheet, but maybe that should be put to good use in "company improvements".
I also like to see no debt on a company's B.Sheet, as excessive debt expense just erodes Bottom Line.
A "worrying factor" to me (and I haven't done an extensive study of its overall Financials) is the very low Tax Rate of NTE. It's paying virtually no Tax. Is this due to an existing "approved tax loss" that it is able to, currently, take advantage of, but will eventually run out, causing NTE's Bottom Line to have a different future look to it ?
Yes, I'm sure the "lowered guidance" by company management didn't do NTE's price any good. However, I also suspect that a 16% fall off in Gross Quarterly Revenue didn't help matters either !
Let's indeed review NTE's Financial situation in the future. I, however, prefer to do that after EACH publication of a company's Financial Results. Therefore I will only wait 3 months, not 6 ! (:-) |
