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Technology Stocks : KVH Industries, Inc.
KVHI 7.145+2.2%11:39 AM EST

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To: asner who wrote (68)3/13/1997 8:22:00 PM
From: redbeardog   of 7249
 
Bernie Asner

quick down and dirty

a/r approx 2 mos sales - too high normally, but remember they sell to gov't, a notoriously slow pay
if a/r starts getting bigger as % of qtrly sales will indicate problem

based on present level, inventory turn is about 6 - not bad - would be nice to know what was finished, wip and raw

sales and marketing is holding the line - if they keep this up this is good - this ain't soda pop they're sellng

admin is growing faster than i like. admin always grows faster than i like. i've never understood why the cost of suits increases at a faster pace than sales.

a/p is fine. if i was running the co i'ld hold it a little longer <g>

they may need to find a big brokerage house or bank to help them with hedging their foreign sales

hope this is some help. i did it off the top of my head pretty quickly as the evil irs deadline is wearing my butt out.

btw, i am long this stock so takecomments with appropriate grain(s) of salt.

redbeardog
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