Gorilla and King Portfolio Candidates 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 : Gorilla and King Portfolio Candidates

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Buckley who wrote (43432)	6/13/2001 3:12:00 AM
From: hueyone	Read Replies (2) of 54805

SEBL Free Cash Flow? Mike: Your interpretation regarding the disclosure at the end of the report could well be correct. After my initial, quick review of Epoch's handling of various quantitative measures and my subsequent conclusion that they were doing a less than adequate job with some of the numbers, I may have started looking at other parts of the report from too negative a perspective. I certainly appreciate you writing to Epoch for further clarification. It sounds like you were quite favorably impressed with their understanding of the dynamics of the CRM industry. Here is another mystery to me in the report: If you click on the Dynamic DCF Valuation Model in PDF form, you will see negative 3.11 billion dollars reported as free cash flow for SEBL for year 2000. It is actually written as -3,111 in a table with the numbers reported in millions. For comparison purposes, in my spreadsheet, I have calculated a positive 276.4 million in free cash flow for SEBL for year 2000. My calculation is based on 438.6 million in cash from operating activities less 162.2 million in capital expenditures. With 519.87 million diluted weighted average shares outstanding, this results in 53 cents positive free cash flow per share. I would be interested in what number you and Pirah get for free cash flow per share for year 2000. It would be nice if more than one person could arrive at a similar calculated result for any one, quantitative measure regarding SEBL!! (gg) epoch.com yahoo.marketguide.com Best, Huey P.S. I apologize if the answer to my free cash flow inquiry is already fully explained in the report. I still need to get this report printed and read in its entirety. Thanks again for your comments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next