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Non-Tech : Parlux (PARL) Fragrances
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To: Wayners who wrote (189)12/18/1996 7:56:00 AM
From: M Goodson   of 527
 
Did he provide any reason for such a crude characterization of Ilia Lekach? Examples, etc.

In a previous reply I mentioned that PARL received about $32.5M from custormers over the past six months and then spent about the same amount on inventory. Having invested so much in inventory already, the company could continue to eat away at this inventory and use a portion of the cash they receive from customers to stock the treasury.
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