<<you apparently don't understand eps and cash flow.>>
Well, since yesterday I did a little research (you should try it sometime), and I have found the following:
Cash flow is calculated by adding noncash charges such as depreciation to net income after taxes. Novellus has not had a losing quarter in at least five years. Perhaps you could explain to poor, dumb little me exactly how you can add charges back into a positive number and come up with anything other than a positive cash flow?
According to Baseline Financial Services, as of March 3rd, Novellus had a price to cash flow of 29.1, with a closing price on that day of 57 7/8. Thus the cash flow per share was $1.99, for a total positive cash flow of close to 70 million dollars. Now, explain to me again how Novellus is a "non cash flow business"?
Baseline also gives the five year range of price to cash flow as 4.9 - 38. Note that it never went to infinity or negative, as it would have to do in order for the company to have either zero or negative cash flow.
Instead of shooting from the hip and making up stuff about a company, why not actually look it up? All this is readily available on the Internet, and if poor, dumb little me can find it, surely a great mind like yourself could manage it. |
