basehitz

23 Stocks to Consider During Global Deleveraging

Alan,
Let me recap. . .
First you make an unsubstantiated claim.
I challenge you.
You make financial statement claims that I prove wrong.
You think I've got a bug up my arse.

I won't bother you any more. Facts can be a stubborn thing. Sorry to get you so upset.

23 Stocks to Consider During Global Deleveraging

Hey Alan,
I'm really getting tired of doing your research for you.

You say "I would tell you that VSH has gargantuan inventory and AR."

Here is what actually happened:


Accounts Receivable:
FY 12/05 AR $389m vs Annual revenue 2.3B in (AR = 16.9% rev)
FY 12/07 AR $468m vs Annual revenue 2.8B (AR = 16.7% rev)
Q 9/08 AR $488m vs $774M rev (=$3.1B run rate) (AR = 15.7%)
Conclusions: AR as % of revenue is actually LOWER NOW than in past 3 years.

Inventory analysis:
FY 12/05 Inventory 488M vs Annual revenue 2.3B in (Inv = 21.1% rev)
FY 12/07 Inventory $583M vs Annual revenue 2.8B (Inv = 20.8% rev)
Q 9/08 Inventory $589M vs Q rev $774M (=$3.1B run rate) (Inv = 19.0%)
Conclusions: Inventory as % of revenue is actually LOWER NOW than in past 3 years.

Reality is the EXACT OPPOSITE of what this “analyst” is trying to sell.

Hey Alan, the SEC frowns upon “analysts” posting misleading information about the value of a company. Are you an incompetent or a fraud?

23 Stocks to Consider During Global Deleveraging

You state ". . . as Kemet Corp. (KEM) and Vishay Intertechnology (VSH) head for possible bankruptcy". Doo you even research before making such inflamatory statements?

KEM is in trouble. It has a highly leveraged balance sheet:
$394M in debt vs $35M cash.
Net debt is $359M vs $38m market cap.
Operating cash flow is MINUS $11M
Free cash flow is MINUS $53m

VSH is financially stable:
$607M debt vs $586M cash.
Net debt is $21M vs market cap $720M.
Operating cash flow ttm = $360M
Free cash flow = $216M
Net income is from non-cash writeoffs.

I don't even follow KEM and I knew your analysis was wrong. Five minutes of work and I can quantify why you are grossly misleading to lump KEM and VSH together. I don't appreciate wasting my time correcting your faulty analysis.