You see why I thought it was a good deal !!! The following plus a 437 Million Backlog in orders
with 25 Million Shares outstanding and gross margins of 42%, I thought SGI might go up! .
Numbers from 1995 4th quarter as follows:
<From Crays Web Site>:
Total cash & investments $ 254,425,000
Receivables $ 156,039,000
Inventories
Raw material $ 90,891,000
Work in process 47,403,000
Finished goods 39,065,000
------------------------------------- -----------------
Total $ 177,359,000
------------------------------------- -----------------
Liabilities
Liabilities and Stockholders' Equity
-------------------------------------
Current liabilities:
Current installments/long-term debt $ 5,679 $ 7,344
Accounts payable 42,924 37,999
Accrued expenses 99,314 110,373
Income taxes payable 0 7,009
Deferred income and customer advances 124,255 75,214
----------------------------- -------- -------
Total current liabilities 272,172 237,939
----------------------------- -------- -------
Long-term debt, excluding
current installments 92,682 97,000
Other long-term obligations 10,772 18,030
Stockholders' equity:
Common stock 31,511 31,511
Additional paid-in capital 70,697 91,973
Retained earnings 696,196 922,560
Foreign currency translation adjustments 5,773 2,774
Unearned compensation-restricted stock (5,339) 0
Treasury stock, at cost (196,410) (219,908)
------------------------------- ------- -------
Total stockholders' equity 602,428 828,910
------------------------------- ------- -------
$ 978,054 $1,181,879
======== =========
This is why in an earlier post I stated I need to research this company. I'm not an accountant,
but this does look like a good deal for SGI. Let me know what you think. I almost bought more
today at 25 but my NOVL experience said wait a while. |
