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To: Maverick who wrote (10347)1/27/1999 10:46:00 PM
From: Michael G. Potter  Read Replies (1) | Respond to of 16960
 
Rise in inventory to sales ratio from what period to what period? From the end of last year to this year? From last quarter to this quarter? Ratio improved as far as I calculate it. Same for Accounts Receivable.

Now, they didn't generate all that much cash this quarter (looks like about $1 million), but I'm sure that there are some purchase expenses capitalized.

Also, the .13 earnings to .15 earnings last year is misleading. There were no taxes last year, and more shares this year. Ignoring the effect of the shares, it is more like .13 to .11.

Michael

Michael