Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (11338)	10/20/2000 6:41:53 PM
From: David	Read Replies (1) \| Respond to of 78618

Re: SPOR My time horizon is very long and I will probably buy at two. But first I have to be convinced that management is honest. The cash on hand and receivables should support the stock somewhat. And the business entity looked viable enough to justify making the purchase -- so long as the reported figures were not fraudulent . . . The company press release was sure confusing. It sounds like income was overstated in one year and understated in the next because of improper accounting of the inventory, and that there was no real economic change. I hope that's all there is to it. I always doubted the inventory anyway, although from the sounds of the press release it doesn't sound like the assets are misstated, just timing of expenses. I am still hopeful and will likely continue to buy.