Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.730

+10.2%

Nov 11 3:57 PM EST

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To: ynot who wrote (1574)	6/28/1999 1:25:00 PM
From: David	Read Replies (2) of 10293

Re: IDX accounts receivable and 'sell' recommendation . . . The great majority of IDX revenues presently comes from government contracts. That can lead to high account receivables, but I think we can expect the United States and various State governments not to renege on their bills. ANADAC is an IDX division. Their exposure in the lawsuits is minimal; they didn't construct the balconies, but they had some inspection role. This case, if I remember right, has already settled for a minimal amount. As to the loan covenants, IDX has not lost any lines of credit and does not appear to be in trouble with its lenders. Considering the company's fundamentals, which are excellent (no debt, increasing top line, no significant competition in emerging bio-ID market, major strategic alliances announced with MOT and Mastercard as well as others clearly in the works), this sell recommendation is a bad call. Who is Wexler?

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