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Non-Tech : Auric Goldfinger's Short List
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To: Sir Auric Goldfinger who wrote (147)9/2/1998 4:49:00 PM
From: TRIIBoy  Read Replies (1) of 19428
 
I couldn't get an uptick on the stock to short today, but hopefully I will tomorrow, thanks for the tip.

Also, I think that the real issue here is inventory.

By my analysis inventories have jumped 132% yoy and 46% sequentially versus a sales jump 70% yoy and 14% sequentially.

Especially perplexing is the fact that "components in transit" has been up over 100% for two straight quarters and that finished goods inventory is up nearly 1000% since last year and 47% sequentially.

The company sold its A/R for about $70 million to some offshore company, but i beleive they are still liable for it.

Also, VTCH has a history of delaying its 10-Qs and 10-K, three times in fact in the last year.

Not to mention Latin American risk...
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