Sarin Technologies 3rd Quarter 2008
The company reported a bad quarter results, no doubt affected by the slow down in US.
- Net profit fell 49%
- Cash Hold decreased from USD19 mil to USD11mil.
- Operating cashflow was just USD 31k!
- Cash hold decreased mainly from a capital expenditure of USD 7 mil
- A larger R&D and increase in sales and marketing efforts added to costs
- Planned ahead will be to cut these 2 items by 20%
Due to the unpredictability of earnings and cashflow, I am inclined to take this company off my dividend stock tracker. Do let me know if you feel otherwise.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment