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


To: robuck who wrote (41542)3/1/2011 2:27:39 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78715
 
I am not sure why you think that VSEC has negative free cash flow. 2010 10K is not out yet, but in 9 months the only thing that pushes VSEC into negative free cash flow is acquisition. Looking into 2009 they had positive free cash flow. IMHO stating "negative cash flow" without saying that they spent money on acquisition is rather imprecise.

I agree with your other points though.