Roger's 1997 Short Picks 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 : Roger's 1997 Short Picks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Mills who wrote (5978)	10/21/1997 11:34:00 PM
From: Roger A. Babb	Read Replies (2) of 9285

Jeff, a little more Citrix math. By comparing with last Q, you can see that the liability for the MSFT sale was written down by 9.75 million, meaning that the real revenues were only 25.2 million and the real earnings were only 3.3 million for on-going business. Based on a price of $77, note the following: market cap 2.3 billion PE based on 4 quarters like this quarter PE = 170 PS = 90 price to book ratio 10 Also note that earnings from on-going business actually declined. And until they finish "writing off" the artificial liability for the MSFT sale, they can make the earnings be whatever they want in a quarter. $48.1 million of the $75 million remains to be used for inflating earnings, that can fuel about 3 more quarters growth. But the market (and maybe their auditors) will eventually see through this smoke screen. Looks like a good short to me!! Roger

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next