Poorman's - CANSLIM Potential Stocks 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.

Strategies & Market Trends : Poorman's - CANSLIM Potential Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ST Trader who wrote (51)	6/11/2000 7:08:00 PM
From: Bananawind	Read Replies (1) of 128

Scott: I do not know what the sales and earnings for ACLNF would have been. As I understand it, it's more of a business model change than a change in accounting practice. Rather than receive receive payment for autos upon delivery, they are being paid for on the front end which frees up cash for the company. The company also entered into 'trading automobiles' in the first quarter rather than just shipping them. They purchased 2400 autos in Q1 for which they claim they had non-refundable deposits for and are paid for upon delivery. You raise a good point about what sales and earnings would have been without the changes. It's been tough to gather and decipher info on this company as it's headquartered in Cyprus with little analyst coverage. Most of what I've been able to gather has come from the company press releases and 'free edgar' however the 1st quarter for 2000 isn't out there yet. I've also ordered an investor packet from their website but haven't received it yet. The second quarter earnings should be helpful in determining whether those first quarter numbers were an indication of future growth or more of a 'one time' event because of the changes they're making. Kevin M.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next