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

To: Wallace Rivers who wrote (4626)	8/7/1998 11:10:00 AM
From: Bob Rudd	Read Replies (2) \| Respond to of 78669

AG: Major negative I saw in balance sheet was not much cash. But they've operated that way for several years possibly using revolving line of credit. One interesting item is that the collection period for AG is much shorter than others. Perhaps this implies they abstain for financing channel stuffing thru extended terms. On the other hand, income statements appear to show net income year end 97 exceeding operating cash flow - a serious red flag. All this from annual not quarterly data (Usually my database is accurate, but these numbers didn't come directly from SEC docs). Thanks for your comments, Wallace. Bob