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Non-Tech : ALLIED RESEARCH (AMEX:ALR) LOW P/E WITH EXPLOSIVE GROWTH
ALR 50.990.0%Oct 19 5:00 PM EST
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To: ROY SENDELE who wrote (33)8/6/1999 11:34:00 AM
From: John Stichnoth  Read Replies (1) of 37
 
There was some discussion on another thread about ALR's
cash. This is my calculation:

As of March 31:
Cash and equiv. 11,542
Restricted Cash 11,336
Restricted Deposits 6,737

Notes Payable 5,330
Curr. Maturities 556
LT Debt 4,008
-----
Net Cash 19,721

Shares O/S 4,830

Net Cash per Share $ 4.08

Part of that cash is from "Advance Payments on Contracts",
but still, that seems like a lot of cash for a $4.75 stock.

On Backlog, just to confirm: As of June 23
press release, backlog was up to $65 MM, from $26 MM on 3/31.
That definitely gives them some breathing room.
The 6/23 press release also highlighted that the latest order was
to a new customer, which should lower their reliance on Saudi Arabia.
That is quite welcome.
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