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Biotech / Medical : GFIH Graham-Field Health Prod

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To: David K. who wrote (59)11/27/1998 9:03:00 AM
From: hoyasaxa  Read Replies (1) of 84
 
Good analysis, thanks. Here are a few things to consider/discuss: (1) The rapid rise in SG&A(can they lower it - why so high now?) (2) the abnormal depreciation figures on a quarterly an annual basis over past 18 months (poor acquired assets?) (3) The very high 86 day inventory turn (people want their stuff?) (4) Half their total assets are goodwill (how much are brands worth?) (5) book value -- an illusion?
I think GFI may turn around, and managment seems on top of things from our conversations. Must address the above issues though. JG
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