SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : MGI Software (MGI on the TSE)
MGI 10.990.0%Jun 1 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Luc N. who wrote (306)12/4/1998 12:15:00 AM
From: Steve Stinson  Read Replies (1) of 553
 
I've been running some scenarios on the company and the IR guy is probably right that the losses will continue into next year. The final quarter ending in Jan 1999 will probably be as good as it gets for a couple of quarters. I project a loss of 4-5 cents per share, widening temporarily to 9-10 cents or more in the traditionally weak first quarter.

Keep in mind that these are very rough estimates. It would certainly be useful to check some of my assumptions with the company.

I think the potential problem about receivables may run deeper than your explanation, although that probably accounts for part of the discrepancy. Looking back on previous quarters, receivables have continually run substantially higher than total revenues, peaking at almost 1.5 times revenues in the first quarter of the current fiscal year. We still have some explaining to do. For this, we need to understand when the company books revenues and how it handles returns.

Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News