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.

Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: richard stout who wrote (2739)	2/9/1998 8:21:00 AM
From: Michael Burry	Respond to of 3736

How can book value go down as long as EPS are positive? I had written: [If and how much they collect may go a long way toward helping them avoid "burning through their book value." If it continues to balloon and they have to write it off, then "Poof! goes the book"] That's a big way. Of course, the increasing AR doesn't hurt book in itself, and cash used for capital expense doesn't hurt book value either, as it is just an asset moved down the balance sheet. how has net working capital been so negative with a secondary stock offering I never said it was negative - I just said that the working capital requirement was high. Good Investing, Mike