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Technology Stocks : IFMX - Investment Discussion
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To: Dave Yenne who wrote (12054)10/9/1998 9:18:00 AM
From: Marc Slovak  Read Replies (2) of 14631
 
Dave, in your post to me you said the following:


Guys you're looking at very old numbers for Redbrick. If you look at the 10-Q for Q2 that was filed with the SEC, Redbrick only has $8.9MM in working capital. They also have been experiencing losses of $6-7MM per quarter for the past year. Redbrick is far from a cash rich company.


While of course you did say that the 8.9MM was working capital your implication is clearly that we got it wrong by saying the cash position was 22.5. Throwing out the short term investments (which are as good as cash) from consideration as you seemed to do struck me as being misleading. If you re-read your post you've got to admit that the tone was to say they had 8.9 and losing 6-7 per quarter without any consideration for these other assets.

That being said, I agree with you. This is not a wonderful situation from a financial perspective and the available working capital and short term investments will be eaten up by the losses however all I was trying to point out at the time was that it was perhaps a better situation than it first appeared on the surface.

The fit is there and with some creative cutting and integration this might turn out to be a very wise investment.
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