Art- Can you (or anyone) explain to me why cash & short-term equivelents went from $ 598m in Q3 to $ 478m in Q4....that's a pretty big drop, no? (120m)..I thought SNDK cash-flow positive last quarter?
Also, I see under cash and short-term equivilents......broken down into cash, short-term securities, and investment in UMC.....What is the investment in UMC, and why would it be classified as "short-term"? It was down 54m in one quarter. Also, cash was down 66m in one quarter...
Balance sheet looks fairly strong, just wondering what's up there....stock performed about the way I thought today...its gonna take a while to regain some confidence........best thing for it (technically) would be for it to thrash around for a few months in the 20's and low 30's...build a nice base and new long-term uptrend (the old one is irrevocably broken)....given semi's charts will likely not be ready until summer, and given SNDK inherent technical relationship with the semi's, this would seem a decent possibility...
As said, I like the company, and think it has a lot of potential, and is not too expensive relative to a lot of others. Unfortunately, basing is probably gonna happen (and healthy) long-term.
Thanks in advance. |
