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Strategies & Market Trends : Value Investing
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To: Bob Rudd who wrote (16770)4/7/2003 9:03:11 PM
From: Mark Marcellus  Read Replies (1) of 78652
 
Bob, interesting article. I actually buy into Dell's taking PC's out of inventory once they ship them. The way their business works, that's appropriate. However, if they're going to do that they should book the sale the way IBM does. Seems to me that the DSO number is the one being manipulated. And no matter how you slice it, you're taking days out of the operating cycle that belong in there.
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