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Technology Stocks : American Power Conversion

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To: trilobyte who wrote (2028)6/17/1998 12:27:00 PM
From: JimieA  Read Replies (3) of 2574
 
Increasing inventory in March by $27M or 26% from December in anticipation of increased sales in the July or December quarters is not good management. Inventory turnover goes from 5.2 to 3.7 times a year is corroborating evidence that inventory increase is not due to increasing sales. IMO it is poor asset management.

A plus is that APCC's financial condition is so good, poor asset management has not effected the bottom line too severely.

By the way, this discussion is a little overdue, since March's financials were out about two month's ago. But better late then never.
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