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Non-Tech : Cityscape Financial (CTYS)
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To: BUE, R.C. who wrote (1486)10/31/1997 1:49:00 PM
From: Zeev Hed  Read Replies (1) of 2544
 
Bue:

These are trailing earnings and furthermore, accounting skewed earnings (taking on the book earnings from future years etc.) Actual cash flow was negative, if memory serves to the tune of $93 MM over the last year, or about $3/share negative cash flow (depending on how many shares you assume).

Zeev
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