utcc on the move Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : utcc on the move

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pluvia who wrote (6)	8/31/1999 8:49:00 PM
From: WTMHouston	Read Replies (1) of 42

Just a quick glance at the financials indicates that 40% of assets and 70% of book value are "intangible assets." I don't know about anyone else, but large (in terms of their relationship to assets and net worth) "intangibles" on a balance sheet have always worried me. Revenue may have been up 46% (almost all of which was for "wholesale" and not "retail"), but SG&A doubled and amortization went up over 400%. With bloated SG&A and large depreciation expenses, turning a profit may be even harder than at lower revenue levels. My understanding has always been that this is a volume business: that is, with greater volume comes greater profitability. With revenue volume going up, profits should not be going down. Something looks backwards -- at least at first glance. Troy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next