11-06-2013, 08:17 AM
(This post was last modified: 11-06-2013, 08:18 AM by tradestar2012.)
Agreed. Thats why I've maintained from the beginning that once cash is confirmed, the rest is just noise. I put together the DSO analysis because there is still the off chance that its not "fraud" perse, but more of a restatement of earnings. Thats a real possibility given the lengthy DSOs. Now would a restatement justify a 60% haircut to share price? I dont know. It will depend on the magnitude of the restatement, if any. From what I can see, the historical DSO trends seem to be stabilizing and would not warrant a write down of any scale. We wont know for sure until 3q #'s come out.