Todays report.
The reported "Q" was almost identical as the previous "Q".
The current "Q" should be lower (bookings dropped, but typical for the sector), but also (based on AMAT statement yesterday) should mark the trough.
Balance sheet.........
Cash & equiv at 6-30-08 = $11,383; 3-31-08 = $11,982.
Total cur assts 6-30-08 = $23,724; 3-31-08 = $25,139.
Net working capital ~$1.80 per share.
If we assume Q3 ~$2 million loss(fundamental bottom), Q4 $1 million loss, 2009Q1 ~breakeven, 2009Q2 some profit etc., then it looks like INTT isn't going to go broke. Based on sales per share and/or net tangible equity and/or recovery earnings value models, INTT is cheap.
Yes I know, it can still go lower first. |
