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(29-06-2012, 09:51 AM)freedom Wrote: the ar2012 is out.
it seems that the company is building inventories in anticipation of higher price in the future. the chairman also explained the principal-agent problem between The Hour Glass and its brand owners.
in its receivable, I noticed that they received compensation from dropping dealership with one brandin certain territories. So the principal has been taking some distribution right back from the Hour Glass.
"in anticipation of higher price in the future" sure sounds nice
Somehow inventory seen as a ratio to current assets - 0.76 for the latest fy and 0.74 and 0.68 going back to fy11 and fy10 - makes one feel uneasy. I know I am
The ratios to equity reading - 0.79 - 0.76 - 0.73 just adds on to the concern
The compensation received for dropping dealership being treated so casually in the receivables just seems not right, the amount piffling notwithstanding
(vested interest but thinking of jumping ship)