Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Mike M who wrote (14427)	4/12/2001 6:25:02 PM
From: Zeev Hed	Read Replies (7) of 30051

Hopping to reload Monday morning. No fed cuts, IMTO before mid may. I see that SSTI is frolicking here after hours, the question is can you believe the CEO after hea was so wrong late last year and early this year. The market will decide. I for one just sold here in the aftermarket at $9.03, taking in a 33% gain. The way I see it, they were losing money operationally (the only salvation was $6 MM in licensing fees), their inventories at $128 MM relative to quarterly sales of about $80 is attrocious, and DSO at 107 days is disastrous. To me that indicates that some of these payables will not be paid, and some of the inventories will be written off.

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