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ASND has a lot deferred rev. going forward as indicated by
the AR of $234.183 MM, inventory is low at $99.637 MM. This is
what the financial community calls "revenue dance" which helps
manage the earnings and Wall Street. In another word, the co. deliberately cuts off the rev at a level to either meet or
slightly exceed the estimate to show that the co. future earnings
is predictable thereby improving visibility which is the key word. MSFT has been masterful at it for it usually has a huge deffered
rev. every qtr. This is the financial maturity (translated fiduciary responsibility towards shareholders) Mike brought to the co. I
never expect the stock price to jump to $40 quickly but gradually
- of course, barring something unexpected. We need to set our
expectation accordingly. Patience is the virtue. Going forward, I think the co. will try to consistently beat the cons. est. by 1 or 2 pennies. This is visibility the Wall and Main St has asked for. We finally got what we wanted, didn't we ? Keep watching the News
Only for contract wins, product and strategidevelopments.>>
Maverick, it took me a few days to reply back on this post. I did
some checking on ASND's A/R and Inventory levels the last 3 earnings reports, and this is what I see:
Quarter A/R Inventory
Q496 $185,094 $ 68,544 (CSCC omitted)
Q297 $237,185 $ 96,939
Q397 $236,478 $125,142
Q497 $234,183 $ 99,637
They don't look any better (just on this) than they did at the
end of Q2 - and we all know about Q3.
How do you (or anyone) interpret these numbers? |
