To: TATRADER who wrote (10902 ) 8/25/1999 4:59:00 PM From: stock talk Read Replies (1) | Respond to of 59879
One other bark from the dog HOLX, Current market cap = about 60-65 million. Thats about the same as their cash balance from the 10Q below. If the news comes out in the next week or so that I'm expecting this could be the first dog on a rocket :-) Then again maybe the news won't come and I just buy the whole company pocket the cash and sell the company<gg> because if I don't someone else may come along and do just that. Ruff ruff "Liquidity and Capital Resources At June 26, 1999, working capital was approximately $88.0 million, and cash, cash equivalents and short-term investments totaled $58.0 million. The cash, cash equivalents and short-term investments balance decreased approximately $18.0 million from September 26, 1998 primarily due to payments for the DRC acquisition and for facility renovations. Included in other assets were marketable securities with maturities exceeding one year totaling $9.0 million. The Company finances certain sales to Latin America over a two-to-three year time-frame. At June 26, 1999, the Company had total accounts receivable outstanding of approximately $7.1 million relating to these sales, of which $1.5 million were long-term and included in other assets. Due to the economic and currency related uncertainties in these countries, the Company increased its bad debt reserve by approximately $900,000 in the current fiscal year. In the first nine months of 1999, the Company purchased approximately $8.2 million of property and equipment, which consisted primarily of building improvements, furniture and fixtures for the new building and, to a lesser extent, computers. The Company purchased this 200,000 square foot building for approximately $20.0 million in cash in fiscal 1998 and moved its headquarters into this facility on January 25, 1999. To date, the Company has incurred approximately $5.0 million for renovations to this building. On June 3, 1999, the Company acquired DRC and the building in which it conducts its operations for approximately $7 million in cash plus approximately 1.9 million shares of common stock. Except as set forth above, the Company does not have any significant capital commitments. The Company believes that existing sources of liquidity will provide adequate cash to fund the Company's anticipated working capital and other cash needs for the foreseeable future.