Auric - I really thought you had a clue, but you don't.
Since you are so stuck on amortization, please tell me how amortization affects the following:
1. Cash flow (actually, you already figured that one out - congrats).
2. Balance sheet (tough one).
3. Income Statement (toughest one).
Looking forward to more lessons tomorrow.
To be honest, I have lost total respect for you. You are hanging your hat on reading financial statements, which I now realize you have a very limited understanding of.
IF you had based your negative bias of WSTL on one of the following - slowdown in demand or significant decrease in margins due to competition, I would be concerned.
AND IF you had found, within your analysis of the financial statements, that AR had grown 4x revenues, or inventory build-up seemed extreme, potentially causing future write-offs, then I might listen.
OR IF you were a technical analyst who cared about none of the above, and just watched charts, I might listen.
Sadly enough, you have shorted for the wrong reasons, and for the most part, been correct.
Every once in a while a blind squirrel finds an acorn.
Once again, I realize why your thread is desolate, while others who know what the hell they are doing (Mr Pink, etc) shines.
Those who talk big, have nothing, and vice versa.....sir. |
