Gopinath Posted October 19, 2014 Share Posted October 19, 2014 Anyone came across this company? This company looks quantitatively cheap, but don't know much about the business competitiveness. Market cap - $569M Cash - $233M Debt - $10M N.Income - $90M Share if you have more info, thanks! Link to comment Share on other sites More sharing options...
Patmo Posted October 20, 2014 Share Posted October 20, 2014 You could at least do a little bit of the work yourself to start off... Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted October 21, 2014 Share Posted October 21, 2014 If your product depreciates rapidly, why would you sell on consignment??? Link to comment Share on other sites More sharing options...
sternalot Posted October 21, 2014 Share Posted October 21, 2014 If your product depreciates rapidly, why would you sell on consignment??? From their 10-K: "During the fourth quarter of our current fiscal year 2014, the Company identified violations of our policies and procedures relating to finished goods held in our warehouse on behalf of customers (the Company refers to finished goods held in our warehouse on behalf of customers as consignment goods or inventory and when sold consignment revenues)" I think there is a misunderstanding of consignment revenue. Consignment manufacturing is not the same as selling on consignment. Link to comment Share on other sites More sharing options...
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