Always Love a good Fight...Bulls/bear...And the Winner, so far is the Bull In my Book.......
ce.seekingalpha.com
Here is the end of it........From SeekingAlpha...
Will Syntax-Brillian be limited this 3rd quarter to grow revenue year over year from 45.7 Million to 165 Million representing only 367% YOY growth?
As hard as it may be to believe, the Bears greatest hopes are that Syntax-Brillian will “only” grow 367% YOY this quarter. And this should tell you how sad the Bears camp has become. But it is a legitimate question and without additional credit lines to fund the receivables a growth limitation that Syntax-Brillian does indeed appear at this time to be limited to “only” 367% YOY. Current credit limits on December 18th 2006 and January 03, 2007 were raised on a combined "additional" total of 69 million dollars. If history has taught us anything, securing credit when you are funding receivables for companies such as Circuit City, Target, Home Depot, Radio Shack, amazon.com, Kmart, ABC Warehouse, well I think you get the picture. When fortune 500 companies are your account receivables, lenders are happy to sit down with you. Betting against Syntax-Brillian securing additional credit to fund these receivables is perhaps an unwise wager, particularly now that there are two main stores Target and Kmart that have a combined total of 3,000 stores with shelf space for Olevia LCD televisions. I believe most Bulls are already aware, that funding these additional receivables is only a matter of time.
There are some other issues raised, but if the shorts are reduced to grasping at straws such as the less then 1% cash amount off 200 thousand being spent during a time of exponential growth and during the merger of Vivitar , then perhaps they are best left untouched. For diminishing all hopes even if they are but grass straws could be seen as uncivil and not very sportsman like conduct on my part.
Disclosure: Author is long BRLC. |
