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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (2001)	11/13/1998 8:57:00 AM
From: Anaxagoras	Read Replies (2) \| Respond to of 2506

They're talking about VTCH, subject of a Barrons hatchet job last year that got me interested in it at that time. But stinky liquidity, and way high insider ownership (daddy owns many of the shares, if I recall).. <<Ken, an increase in inventory, ... cannot create a loss in earnings.>> But it does make a nice dent in CFO (cash flow from operations). :-) Anaxagoras

To: Q. who wrote (2001)	11/14/1998 12:23:00 AM
From: Ken Brown	Respond to of 2506

Sorry about that, John. It was a discussion concerning VTCH. I was trying to answer TRIIBoy's question regarding how they could "lose" $25mm in cash, and yet have made so much money. I didn't mean to make it sound like I thought an increase in inventories created a loss in earnings. I'm green, but not THAT green. ;-) I was doing ok until I came to the other figures ("total assets figure dropped by $7mm, current liabilities dropped by almost $20mm, and shareholder equity increased by a whopping $40mm"). I had no idea how that might affect cash. Ken EDIT - Now that I've read the rest of the thread, I see you already have looked at VTCH. Thanks! (By the way, you're right about sleeping at night. I've learned that lesson, between VTCH & WEBB.)